Armstrong v. National Bank
Court of Appeals of Kentucky
Case 70 — PETITION EQUITY APPEAL FROM LOUISVILLE LAW AND EQUITY COURT. '1. If paper is deposited specifically for collection, it remains the property of the depositor, but whore for credit or indorsed absolutely, the title passes. (St. Louis and S. E. R’y Co. v. Johnston, Receiver, 27 Fed. Rep, 243; Balbach v. Frelinghysen, 15 Fed. Rep.; National Bank v. Loyd, 90 N. Y, 531; Roberts v. Hill, 24 Fed.
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Case 70 — PETITION EQUITY APPEAL FROM LOUISVILLE LAW AND EQUITY COURT. '1. If paper is deposited specifically for collection, it remains the property of the depositor, but whore for credit or indorsed absolutely, the title passes. (St. Louis and S. E. R’y Co. v. Johnston, Receiver, 27 Fed. Rep, 243; Balbach v. Frelinghysen, 15 Fed. Rep.; National Bank v. Loyd, 90 N. Y, 531; Roberts v. Hill, 24 Fed. Rep, 571; Cody v. National Bank, 55 Mich, 381; Ayres v. The Bank, 79 Mo, 421; Bullene v. Coats, 80 Mo, 426; Flannery v. Coats, 80 Mo, 445; Terhune v. The Bank, 34 N. J. Eq, 367.) In this case there…
1Opinion of the Court
JUDGE LEWIS
DELIVERED THE OPINION OF THE COURT.
Appellee, National Bank of Boyertown, Pennsylvania, bronglit this action to recover. of Louisville Banking Company amount of a draft collected; but the latter, disclaiming ownership, paid the money into ■court, and since then litigation about it has been •between appellee and appellant, Armstrong, Receiver of Fidelity National Bank, at Cincinnati, Ohio, who was, upon his petition, made a party to the action.
*434The draft was made payable at Bank of Louisville to Hellegass, but appellee, by discounting, became owner, and May 25, 1887, sent it to the…
2Cases cited2 opinions
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