Commissioner of Banks v. Florence Mills, Inc.

In reference to tbe second issue bis Honor stated tbe plaintiff’s chief contention to be that tbe securities in question bad been, turned over to tbe defendant, not to secure future deposits, but to secure such as were in tbe bank at tbe time of tbe transfer, that tbe alleged agreement between tbe parties was not supported by a valuable consideration, and that tbe issue should be answered in tbe affirmative. He stated one of tbe defendant’s contentions to be that a part of tbe consideration was a promise by tbe defendant to give tbe bank tbe benefit of future and additional deposits. Then…