NORTH CAROLINA NAT. BANK v. HAMMOND

No. 41.

260 S.E.2d 617 (1979)

298 N.C. 703

NORTH CAROLINA NATIONAL BANK, a National Banking Association v. M. T. HAMMOND and Federal Reserve Bank of Richmond.

Supreme Court of North Carolina.

December 4, 1979.


Attorney(s) appearing for the Case

Robert H. Gourley, Pope, McMillan, Gourley & Kutteh, Statesville, for plaintiff-appellee.

William E. Crosswhite, Sowers, Avery & Crosswhite, Statesville, for defendant-appellant Federal Reserve Bank of Richmond.


CARLTON, Justice.

The sole question for determination is whether summary judgment was properly allowed against defendant Federal Reserve Bank of Richmond (or Bank). We think the Court of Appeals erred in affirming the trial court's order and reverse.

We are confronted with the same contentions presented to the Court of Appeals. Defendant Federal Reserve Bank of Richmond argues that nothing in North Carolina law requires a written power of attorney to indorse...

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