First National Bank of Danville v. Reynolds

CONOVER, Judge.

This is an interlocutory appeal in which the First National Bank of Danville, Indiana, and M. Dale Palmer (collectively, the Bank) challenge the trial court's denial of their motion to dismiss the plaintiff's amended complaint.

We affirm

ISSUES

This interlocutory appeal presents the following issues:

1. whether section 24 of the National Bank Act (12 U.S.C. § 24) voids a provision in a bank president's written employment contract guaranteeing payment of a stipulated sum should the president resign for cause specified in the contract, and

2. whether the complaint states a claim…