Legal Opinion

Elsey v. Peoples Bank

Court of Appeals of Kentucky

Decided October 26, 1915PublishedCited by 7 opinions

Appeal from Carlisle Circuit Court.

1Opinion of the Court

Opinion op the Court by

Chiep Justice Miller.

Reversing.. In 1906 A. G. Elsey bought five shares of the capital stock of the Peoples Bank of Bardwell for $725.00

For the purpose of raising the money to pay for the stock, A. G. Elsey executed his note to the Peoples Bank for $750.00, and attached the certificate for the five shares to his note as collateral security therefor, and had his brother, the appellant J. L. Elsey, sign the note as surety. J. L. Elsey refused to sign the note unless his brother would pledge the five shares to the bank as collateral security on the note; and that was done.…

2Cases cited14 opinions

  1. National Bank v. MatthewsSupreme Court of the United States · 1879
  2. National Bank v. WhitneySupreme Court of the United States · 1881
  3. National Bank of Xenia v. StewartSupreme Court of the United States · 1883
  4. Lawrence v. CockeTennessee Supreme Court · 1847
  5. Mayes v. LaneCourt of Appeals of Kentucky · 1903

9 more not listed; retrieve them via the Exa API.

3Cited by7 opinions

  1. Elsey v. Peoples Bank of BardwellCourt of Appeals of Kentucky · 1916
  2. Inland Navigation Co. v. American Surety Co.Court of Appeals of Kentucky · 1921
  3. Rommel Bros. v. ClarkCourt of Appeals of Kentucky (pre-1976) · 1934
  4. Pond Creek Coal Co. v. Citizens Trust & Guaranty Co.Court of Appeals of Kentucky · 1916
  5. Black Motor Co. v. Baughman & Datron Ins. AgencyCourt of Appeals of Kentucky (pre-1976) · 1942

2 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API