Blackburn's Administratrix v. Union Bank & Trust Co.

Opinion of the Court by

Judge Stites

— Affirming.

This is an appeal from a judgment of the Fayette circuit court sitting in equity. Appellants’ decedent. E. R. Blackburn, was for many years tbe cashier, and later president, of tbe appellee, Union Bank & Trust Company. He was tbe chief executive and active managing officer of tbe bank. A considerable portion of the business transacted 'by tbe bank consisted of loans secured by mortgages on real estate. This portion of tbe bank’s business was bandied almost exclusively by Mr. Blackburn. Subject to tbe approval of tbe board of directors, be decided…