People's Savings Bank v. Raines

Appellant insists that the court erred in refusing to direct a verdict in its favor.

This appeal involves the construction of § 7960, C. & M. Digest, which provides:

“Section 7960. No note hereafter given for premiums on insurance in this State shall ¡be negotiable until the policy for which said note was given as payment for premium thereon shall have been issued and delivered to the maker of said note, and all note's so given shall state for what purpose the noté was given; provided that, if a policy shall be issued in the form applied for, and the maker of any such note shall refuse to take…