Nagle v. Herold

KNIGHT, District Judge.

Defendant was a director of'the Seneca National Bank of West Seneca. On September 30, 1932, he executed his promissory note for $5,555.55, payable to the Seneca National Bank of West Seneca, one year after its date, or “prior thereto in event of suspension” of the Bank. Suit was begun on August 31, 1939, to recover the amount of said note, with interest from the date thereof. The answer sets up, among other defenses, that of the Statute of Limitations. Defendant now moves for summary judgment dismissing the action.

At' the time of the execution of the aforesaid note, the…