Sheeler v. Holt

The appellees, indorsers who paid a note of a corporation, have obtained a decree in equity for contribution by the remaining solvent and resident indorser, Sheeler; and Sheeler has appealed, urging several objections to' the decree.

The note was one of Ahehurst & Sons, Inc., payable to the National Hnion Bank oi Baltimore City, and the parties to this proceeding were all stockholders of Akehurst & Sons, Inc., and some of them directors. For additional security a mortgage was assigned to- the bank, but upon foreclosure it failed to realize anything for payment on the note. The note was…