First National Bank v. Chartier

The plaintiff is the holder of a promissory note dated February 7, 1927, which reads as follows: “On demand with interest after date Textile Loan Co. promise to pay to the order of the First National Bank of New Bedford, Thirty-five thousand Dollars. At said Bank. Value received.” It is signed: “Textile Loan Co. By Louis Jean — Trustee.”

The plaintiff has brought a bill in equity which in its amended form names fifty-seven individuals as defendants. It alleges that they are “copartners in a voluntary association under a written instrument or declaration of trust adopted on or about January 25,…