Root v. Wallace

OPINION OP

THE COUBT.

This action was brought on notes alleged to be void. The plaintiff was an assignee. A non-suit having been entered on the trial, a motion is now made to set aside the non-suit. By the safety act of Michigan of 1S3C [Laws Mich. 1835-36, p. 157] it is provided that no monied corporation subject to it, “shall issue any bill or note of the said corporation, unless the same be made payable on demand and without interest.” The notes in question were issued by the Bank of Saline, in contravention of this provision. On the part of the plaintiff it is contended, that whether the.…