Georgia Railroad Bank & Trust Co. v. McCullough

Jordan, Justice.

This court granted certiorari to review the decision of the Court of Appeals in McCullough v. Ga. R. Bank &c. Co., 144 Ga. App. 698 (242 SE2d 271) (1978).

On August 7, 1970, McCullough executed a deed to Richmond County Bank to secure an indebtedness of $20,000. The deed contained an "open end” clause securing any other present or future indebtedness owed by the debtor to the creditor. On January 1, 1971, Richmond County Bank merged into Georgia Railroad Bank & Trust Company under the provisions of Chapter 13 of the Code of 1933, with the effect of the merger being determined…