Roseville Trust Co. v. Barney

The opinion of the court was delivered by

Walker, Chancellor.

On August 14th, 1913, the commissioner of banking and insurance took charge of the property and business of the Boseville Trust Compaq, under the provisions of the act concerning trust companies (Comp. Stat., p. 5664), amended Pamph. L. 1913, p. 282. The commissioner found, among the assets of the bank, a note for $400 made by A. W. Barney to his son, A. W. Barney, Jr., the defendant, payable three months after date. The note was drawn to the order of the maker and by him endorsed and turned over to his son who also endorsed it. On…