Citizens Bank & Trust Co. v. McEuen

Opinion op the Court by

Sims, Commissionert—

Reversing.

The defendant below, B. C. McEuen, and Ms mother, Mrs. J. Y. McEuen, owned jointly a house and lot in Madisonville which cost them some $5,000 or $5,500. McEuen was a director in the appellant bank when the directors on December 9,1930, discussed the advisability of merging it with another bank on account of its financial troubles, and on this date McEuen owed it $1,305. On December 20, 1930, McEuen conveyed to his mother his half interest in the property he and his mother owned jointly, and on April 21,1931, the bank instituted this action…