Peoples Bank v. Lamar County Bank
Mississippi Supreme Court
Appeal from the circuit court of Jefferson Davis county. Hon. A. E. Weathersby, Judge. Suit by the Lamar County Bank, against the Peoples Bank. From a judgment for plaintiff, defendant appeals. The facts are fully stated in the opinion of the court. In giving us notice that we might file a brief in this matter, the court has suggested that we discuss what hearing, if any, the case of Watts Mercantile Gompcmy v. Buchanan, 92 Miss. 540, 46 So. 66, has upon the case at bar.
Read the full summary
Appeal from the circuit court of Jefferson Davis county. Hon. A. E. Weathersby, Judge. Suit by the Lamar County Bank, against the Peoples Bank. From a judgment for plaintiff, defendant appeals. The facts are fully stated in the opinion of the court. In giving us notice that we might file a brief in this matter, the court has suggested that we discuss what hearing, if any, the case of Watts Mercantile Gompcmy v. Buchanan, 92 Miss. 540, 46 So. 66, has upon the case at bar. In the instant case, the court is dealing with a transaction between two competing corporations; in the Buchanan case, the…
1Opinion of the Court
Reed, J.,
deivered the opinion of the court.
This is an action of conversion brought by the Lamar County Bank, appellee, against the People’s Bank, appellant, to recover the amount of thirty shares of the capital stock in appellant bank, with accrued dividends. This stock was assigned to appellee by Vanee R. McDonald in settlement of an indebtedness. He was at the time cashier of appellee bank and largely indebted to it. The evidence shows that the stock was transferred and delivered by him to the bank in part payment of his indebtedness and that he received credit for the face value thereof.…
2Cases cited5 opinions
- Seymour v. Spring Forest Cemetery Ass'nNew York Court of Appeals · 1895
- Woodson v. HopkinsMississippi Supreme Court · 1904
- Watts Mercantile Co. v. BuchananMississippi Supreme Court · 1908
- Soule v. ShotwellMississippi Supreme Court · 1876
- Harris v. LombardMississippi Supreme Court · 1882
3Cited by3 opinions
- Muffat v. Detroit-Macomb Land Co.Michigan Supreme Court · 1931
- New Orleans N.E.R. Co. v. JemisonMississippi Supreme Court · 1926
- McDowell v. Federal Land BankMississippi Supreme Court · 1930