Lavecchia v. North Carolina Joint Stock Land Bank of Durham

Tbe complaint (paragraph 5) alleges, in part: “Tbat in giving said checks of Paine Statistical Corporation as payments for bis individual transactions, John Overton Paine misappropriated wrongfully and unlawfully used funds of Paine Statistical Corporation, of which misappropriation and wrongful use of funds defendant bad notice in tbat defendant accepted tbe said checks drawn on Paine Statistical Corporation, by John Overton Paine, in bis capacity as an officer of said corporation, which fully appears from tbe face of said checks, and tbat defendant thereby participated in tbe said…