Grady v. Pink Hill Bank & Trust Co.
Supreme Court of North Carolina
Appeal by defendant from Lyon, J., at June Term, 1922, of LeNOie. The sole question involved is whether the $5,000 note executed by the plaintiff to the bank has been paid in full or whether there is a balance due of $1,500, and interest. The Bank of Pink Hill was closed by order of the Corporation Commission of North Carolina and placed in the hands of a receiver. Judgment in favor of the plaintiff. The defendant appealed.
1Opinion of the Court
- Olabe, C. J.
Gr. S. Willard was cashier of the insolvent Bank of Pink Hill for seven years immediately prior to the date when it was closed by order of the Corporation Commission, and was acting cashier at the time of all the transactions involved in this case. Upon the evidence it appears that about a week before the bank was closed, and while it was being examined by the bank examiners, the said Willard disappeared, and the officers and directors of the bank could not ascertain his_ whereabouts. He returned a few weeks later, and in the meantime the bank had been closed by the bank…
2Cases cited4 opinions
- Leduc v. . MooreSupreme Court of North Carolina · 1892
- Williams v. . JohnstonSupreme Court of North Carolina · 1885
- Bank v. Hollingsworth.Supreme Court of North Carolina · 1904
- Gordon v. . PriceSupreme Court of North Carolina · 1849
3Cited by18 opinions
- Page Trust Co. v. Wachovia Bank & Trust Co.Supreme Court of North Carolina · 1924
- Don Kral Incorporated v. LindstromSupreme Court of Minnesota · 1970
- Federal Reserve Bank v. . DuffySupreme Court of North Carolina · 1936
- Bank of Canton v. ClarkSupreme Court of North Carolina · 1930
- Stansell v. . PayneSupreme Court of North Carolina · 1925
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