McGhie v. First and American National Bank

In my opinion, defendant waived its right to the dividends on the corporate stock pledged to it by obtaining the allowance in probate court of its claim as an unsecured creditor of the Turrish estate. The note forming the basis of the claim is the $20,000 note dated November 20, 1931, referred to in the opinion of the Chief Justice. The bank's claim was allowed, by order of the probate court dated January 23, 1940, "upon condition that within ninety days from the date hereof the above named claimants [including the defendant specifically by name] surrender the securities held by them to the…