Albers v. Central Republic Bank & Trust Co.

Charles H. Albers is the receiver of Phillip State Bank and Trust Company (hereafter referred to as the Phillip bank) and filed a suit for partition of a certain residence property in Cook county, alleging he owned a half interest as tenant in common with appellant Eva A. Taft. The Phillip bank, in 1931, acquired certain assets by assignment from the Illinois State Bank of Evanston (hereafter referred to as the Illinois bank) in consideration of assuming all the deposit liabilities of the latter. Among the assets so obtained was a note signed by Frank Durham and appellant John H. Taft, on…