Perry Bank Trust Company v. Napier

Opinion of the Court by

Creal, Commissioner

Reversing.

On July 16, 1928, W. B. Napier, R. C. Napier, and E. C. Duff executed and delivered to the Perry Bank & Trust Company a note of that date for $1,000, due 12 months after date, and bearing interest from date until paid. This note had been credited with a payment of $50.67 as of date April 28,1929. In November, 1928, the Perry Bank & Trust Company was placed in the hands of the banking department of Kentucky,! and F. L. Cisco was thereupon appointed and qualified as special deputy banking commissioner and liquidating agent to take over the…