Supreme Court of Minnesota July 5, 1907, Nos. 15,247-(187) (Security Bank v. Petruschke)

ELLIOTT, J.

This was an action in which the plaintiff, the Security Bank of Minnesota, sought to recover upon a promissory note given by Charles J. Petruschke to James Thomson to pay the first premium upon a life insurance policy issued by an insurance company for which Thomson was the general agent, and by Thomson assigned, transferred, and delivered before maturhy to the Security Bank.