Newman & Snell's State Bank v. Hunter

Defendant is the widow of Lee C. Hunter, who died intestate January 25, 1926. His estate was insufficient to pay his funeral expenses and the widow’s allowance. At the time of his death plaintiff bank held his note for $3,700, with 50 shares of the capital stock of tbe Hunter Company as collateral. This company was insolvent but was still doing business when the note was given; afterwards it was placed in the hands of a receiver and its assets were insufficient to pay its debts. The facts were agreed upon on the trial in the court below. We quote from the agreed statement of facts:

“On March…