Dimock State Bank v. Boehnen

On October 20, 1917, one Fred Gross, a stockholder in Dimock Rochdale Company, together with an agent of that company, secured from- Leo J. Boehnen an application for one share of the company’s stock, together with Boehnen’s promissory note for the sum of $105, dated October 20, 1917, payable on or before December 1, 1918, to Dimock Rochdale Company, at Dimock, S. D. Dimock Rochdale Company was apparently a local co-operative store corporation. November 1, 1917, Dim-ock *51State Bank, through its cashier, J. U. Steichen, purchased this note from Dimock Rochdale 'Company, with 66 other notes, and…