Star Bank v. Jackson, Unpublished Decision (12-1-2000)

DECISION.

Plaintiff-appellee, Star Bank, N.A., Trustee, filed a complaint against defendant-appellant, Theodore Jackson, Jr., on a cognovit note. That same day, the trial court journalized an agreed entry granting judgment in favor of the trustee and against Jackson for the unpaid principal of the note, plus interest.

The borrower on the note was Limestone Development, Inc. Jackson and Douglas Hendrickson were Limestone's only shareholders. Both executed the note on behalf of the corporation in their corporate capacities, and they also acted individually as co-signers. The lender on the note…