Case Name: Taylor v. American National Bank
Court: Court of Appeals of Georgia
Jurisdiction: Georgia
Decision Date: 1913-05-06
Citations: 12 Ga. App. 663
Docket Number: 4656
Parties: Taylor v. American National Bank.
Judges: 
Reporter: Georgia Appeals Reports
Volume: 12
Pages: 663–663

Head Matter:
4656.
Taylor v. American National Bank.
Decided May 6, 1913.
Complaint; from city court of Macon—Judge Hodges. January 14, 1913.
W. D. McNeil, for plaintiff in error.
Eardemm, Jones, Parle & Johnston, contra.

Opinion:
Pottle, J.
1. Knowledge by the purchaser of a negotiable instrument that it was given for capital stock in an insolvent corporation, and that under a plan of reorganization of the corporation common stock was given as a bonus to subscribers of preferred stock, will not defeat the collection of the note, if it was otherwise acquired in good faith and for value before maturity.
2. All other material questions in the ease are controlled adversely to the plaintiff in error by the decisions of this court in Stubbs v. Fourth National Bank, ante, 539 (77 S. E. 893), and Brooks v. Floyd, ante, 530 (77 S. E. 877). Judgment affirmed.