Legal Opinion
Sequoyah State Bank v. Union National Bank
Supreme Court of Arkansas
Decided October 5, 1981No. 81-68Published
1Opinion of the Court
621 S.W.2d 683 (1981)
SEQUOYAH STATE BANK, Appellant,
v.
UNION NATIONAL BANK OF LITTLE ROCK, Appellee.
No. 81-68.
Supreme Court of Arkansas.
October 5, 1981.
Rehearing Denied November 9, 1981.
Bryan & Fitzhugh, Fort Smith, for appellant.
Smith & Nixon by W. R. Nixon, Jr., Little Rock, for appellee.
ADKISSON, Chief Justice.
The only issue in this case is whether Union Bank by its own initiative can stop payment on a personal money order it had issued in exchange for a hot check and, thereby, cause Sequoyah Bank, a holder in due course, to bear the loss. Under these circumstances the loss must be borne by…
Also in this document: Dissent.
2Cases cited8 opinions
- Garden Check Cashing Service, Inc. v. First National City BankAppellate Division of the Supreme Court of the State of New York · 1966
- Garden Check Cashing Service, Inc. v. First National City BankNew York Court of Appeals · 1966
- Rose Check Cashing Service, Inc. v. Chemical Bank New York Trust Co.Appellate Terms of the Supreme Court of New York · 1964
- Sequoyah State Bank v. Union National BankSupreme Court of Arkansas · 1981
- Mirabile v. UdohCivil Court of the City of New York · 1977
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