Johnson v. Johnson

J. H. Johnson, the appellee, filed his bill in the chancery court stating that the Delta Bank & Trust Company was a corporation under the laws of the state, carrying on a general banking business, and that it suspended operations on March 16, 1921, and was taken over for purposes of liquidation by the state board of bank examiners. He alleges that on the 30th day of June, 1920, petitioner executed a promissory note in favor of Skinner and Morris or bearer, in the sum of one thousand five hundred dollars payable on November 15, 1920, at the Delta Bank & Trust Company; that the said payee…