Supreme Court of Georgia October 13, 1915 (Baldwin State Bank v. National Bank)

Hill, J.

(After stating the foregoing facts.)

This case falls, within the decision in Freeman v. Exchange Bank, 87 Ga. 45 (13 S. E. 160). It was there held: “Generally, the payee of a bill of exchange, by indorsing it (otherwise in blank) For deposit to the credit of’ himself, .retains ownership not only of the bill, but of its proceeds until they are so deposited.