First National Bank v. Riggins
Supreme Court of North Carolina
Civil Action upon a promissory note for $1,300, payable to the Bank, and passed due, secured by pledge of ten shares of the capital stock lodged as collateral security — tried before Allen, J., at February Term, 1899, of the Superior Court of Eobsyth County. The relief asked was judgment on the note and order of sale of the stock, unless the judgment was paid in some reasonable time.
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Civil Action upon a promissory note for $1,300, payable to the Bank, and passed due, secured by pledge of ten shares of the capital stock lodged as collateral security — tried before Allen, J., at February Term, 1899, of the Superior Court of Eobsyth County. The relief asked was judgment on the note and order of sale of the stock, unless the judgment was paid in some reasonable time. The defendant set up a counter-claim of $800, alleging that when the debts due the Bank are collected and its property reduced to money, his distributive share in the assets would amount to at least that stun.…
1Opinion of the Court
The relief asked was judgment on the note and order of sale of the stock, unless the judgment was paid in some reasonable time. The defendant set up a counterclaim of $800, alleging that when the debts due the bank are collected and its property reduced to money, his distributive share in the assets would amount to at least that sum. Judgment was rendered in favor of plaintiff for $1,300 and (535) interest. After judgment, the defendant moved the court for the appointment of a receiver, a referee to take and state all accounts, and ascertain the amount to be credited on the judgment, and an…
2Cases cited2 opinions
- Meares v. . DuncanSupreme Court of North Carolina · 1898
- Hobart v. GouldDistrict Court, D. New Jersey · 1881
3Cited by1 opinion
- Duke v. ForceWashington Supreme Court · 1922