Dean v. First Trust Savings Company

BARNS, J.:

Davis W. Lane et ux., made a note payable to Loraine M. Dean et vir., and thereafter the husband R. J. Dean hypothecated this note with the First Trust and Savings Company to secure the note of R. J. Dean and S. C. Collins doing business as “Dean & Collins.”

Loraine Dean claimed an interest in said note as an estate by entirety and the “First Trust” claimed it as pledgee to the exclusion of any rights of Loraine M. Dean. The Lanes wished to pay off and discharge said note and brought their bill of interpleader against the Deans and the “First Trust.” Mrs. Dean filed her answer…