New York Life Insurance v. Lassiter

The only question presented by the agreed case is whether plaintiff had the power to appoint Eugene G. Shaw substitute trustee in the place of B. B. Yinson, under paragraph 6 of the deed of trust set out in the case agreed. We think not under the facts and circumstances of this case.

In the case agreed it appears that the plaintiff New York Life Insurance Company purchased from the “Greensboro Bond and Mortgage Company, party of the third part in said deed of trust and payee in the note secured thereby, duly endorsed, assigned, and transferred said note to plaintiff, which was at the time of…