Thomas v. E. G. Curtis Sons Co.

LINDLET, District Judge.

The liability which the receiver is endeavoring to enforce in this cause is grounded upon the accommodation indorsement of E. G. Curtis Sons Company, a dissolved Michigan corporation. The hank knew that it was an accommodation indorsement.

Section 10 (i) of Act No. 327 of Michigan Public Acts of 1931 reads as follows: “Every corporation, unless otherwise provided, or inconsistent with the act under which a particular corporation is or shall have been formed, shall have power: * * * to guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise…