Taylor v. O'Kane

Appellant, as State Bank Commissioner in .charge of the American Bank & Trust Company, insolvent, brought suit against appellee on two promissory notes, and recovered judgment on appellee’s confession in open court that he was justly so indebted. The judgment as entered recited “that execution herein be, and hereby is, stayed until January 1, 1932, when execution may issue for one-half of said judgment and execution stayed on the other half of said judgment until January 1, 1933.” Thereafter, on June 26, 1931, appellant caused execution to issue on said judgment, but on August 13,1931, the…