Court of Appeals of Kentucky (pre-1976) December 16, 1938 (State Nat. Bank of Frankfort v. Thompson)

Opinion op the Court by

Stanley, Commissioner

Reversing.

On January 15, 1926, Scott Thompson and Ms-mother, Mrs. Martha S. Thompson, executed their joint-note for $15,000 to the State National Bank of Prank-fort. As security they pledged 45 shares of stock of the J. B. Blanton Company, a local corporation. Mrs. Thompson owned 30 and Mr. Thompson 15 of these shares. As further security Mrs.