First National Bank of Lexington v. Bowman

Opinion of the Court by

William Rogers Clay, Commissioner

— Affirming.

Charles P. Rodgers was the owner of fifty-two shares of stock in the Third National Bank of Lexington. This stock was pledged to secure indebtedness which did not equal the market value of the stock. The First National Bank and the Fayette National Bank sued Rodgers on certain indebtedness due them and attached the stock. The actions were consolidated and Mrs. Henrietta P. Bowman intervened and asserted ownership of the stock by purchase made prior to the attachments. On final hearing, her claim was sustained and the banks…