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IN RE JOHN KOKE CO.

No. 5954.

38 F.2d 232 (1930)

In re JOHN KOKE CO. HAESE v. A. R. DEMORY INV. CO.

Circuit Court of Appeals, Ninth Circuit.

Rehearing Denied March 31, 1930.

Attorney(s) appearing for the Case

A. S. Gold, of Los Angeles, Cal. (Francis F. Quittner, of Los Angeles, Cal., of counsel), for appellant.

John William Heaney and Francis Price, both of Santa Barbara, Cal., for appellee.

Before RUDKIN, DIETRICH, and WILBUR, Circuit Judges.

RUDKIN, Circuit Judge.

October 26, 1927, John Koke was the owner of eighty of the eighty-two shares of the capital stock of the John Koke Company, a corporation. On that date Koke borrowed from A. R. Demory the sum of $11,000, executing his individual promissory note therefor, secured by a deposit or the delivery of the eighty shares of the capital stock of the John Koke Company and certain insurance policies on the life of the maker of the note. The money was borrowed...

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