Commercial National Bank v. May
Supreme Court of Iowa
Appeal from Floyd District Court. — C. H. Kelley, Judge. Suit in equity, to establish and foreclose a lien upon collateral security. Upon the trial had, the court granted the plaintiff partial relief, and denied other substantial relief prayed. The plaintiff appeals.
1Opinion of the CourtEvans, J.
1. Bills and notes : rights enforcible against holder in due course. The plaintiff is a holder in due course of a certain note for $5,000, executed in his lifetime by George May, secured by shares of stock in the plaintiff corporation, the actual value .of such stock being $11,000. The plaintiff acquired said $5,000 note and the collateral by purchase from the payee thereof, B. H. Andrews. At the time of such purchase, the plaintiff held the unsecured notes of the said George May for about $12,000. Its purpose in purchasing the note from Andrews was that it might apply the margin of…
2Cases cited6 opinions
- Gillet v. . Bank of AmericaNew York Court of Appeals · 1899
- Oleon v. Rosenbloom & Co.Supreme Court of Pennsylvania · 1915
- Houston National Bank v. WoodTennessee Supreme Court · 1911
- Mulert v. National Bank of TarentumCourt of Appeals for the Third Circuit · 1913
- Richardson v. Winnisimmet National BankMassachusetts Supreme Judicial Court · 1905
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3Cited by6 opinions
- Baron v. Crossroads Center of Iowa, Inc.Supreme Court of Iowa · 1969
- Northern Trust Co. v. AndersonSupreme Court of Iowa · 1935
- Knapp v. KnappSupreme Court of Iowa · 1959
- Marx v. KingSupreme Court of Iowa · 1922
- Montgomery v. BellerSupreme Court of Iowa · 1929
1 more not listed; retrieve them via the Exa API.