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INDEMNITY INSURANCE COMPANY OF NORTH AMERICA v. FULTON NATIONAL BANK

40321, 40322.

108 Ga. App. 356 (1963)

133 S.E.2d 43

INDEMNITY INSURANCE COMPANY OF NORTH AMERICA v. FULTON NATIONAL BANK. INDEMNITY INSURANCE COMPANY OF NORTH AMERICA v. FIRST NATIONAL BANK OF ATLANTA.

Court of Appeals of Georgia.

Decided September 20, 1963.

Attorney(s) appearing for the Case

Nall, Miller, Cadenhead & Dennis, Douglas Dennis, for plaintiff in error.

Kilpatrick, Cody, Rogers, McClatchey & Regenstein, D. F. McClatchey, Barry Phillips, King & Spalding, Henry Hall Ware, III, contra.

EBERHARDT, Judge.

The plaintiff in these cases is the alleged assignee of Interstate Securities Corporation. The suit was brought on various checks which had been drawn by authorized persons but whose indorsements were forged. The checks were drawn during 1957 and 1958.1 On September 17, 1958, Interstate notified the defendant banks of "some irregularities" in connection with customer accounts, stating that the genuineness of indorsements...

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