Hubbard v. St. John

FUNDERBURK,- J.

Appellant sued appel-lee on a promissory note payable to the order of Bank of Pioneer. Both the Bank of Pioneer and the Pioneer Exchange Bank were privately owned, unincorporated institutions. The owners of the former sold out to the owners of the latter, and the name of the bank was changed from the Bank of Pioneer to the Pioneer Exchange Bank after the sale. Appellant is receiver of the Pioneer Exchange Bank under appointment of the district court of Eastland county. The assets of the Pioneer Exchange Bank were delivered to appellant by a prior receiver, Jack Oates. There was…