State Nat. Bank of Frankfort v. Thompson

Opinion op the Court by

Stanley, Commissioner

Reversing.

On January 15, 1926, Scott Thompson and Ms-mother, Mrs. Martha S. Thompson, executed their joint-note for $15,000 to the State National Bank of Prank-fort. As security they pledged 45 shares of stock of the J. B. Blanton Company, a local corporation. Mrs. Thompson owned 30 and Mr. Thompson 15 of these shares. As further security Mrs. Thompson mortgaged her residence. Mrs. Dorothy M. Thompson, the wife of Scott Thompson, did not sign the note, but for the same purpose she and her husband executed a mortgage on their home to which she held…