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MACK v. INDIAN HEAD NAT'L BANK

No. 7236.

116 N.H. 96 (1976)

THEODORE MACK & a. v. INDIAN HEAD NATIONAL BANK OF NASHUA

Supreme Court of New Hampshire.

February 27, 1976.

Attorney(s) appearing for the Case

Hamblett, Kerrigan, LaTourette & Lopez and Linda Stewart Dalianis (Mr. John P. Griffith orally) for the plaintiffs.

Sullivan, Gregg & Horton and Judd A. Gregg (Mr. Gregg orally) for the defendant.

KENISON, C.J.

The plaintiffs are Texas Consumer Finance Corporation, the debtor in a proceeding under Chapter XI of the Bankruptcy Act, and Theodore Mack, the "designee" of the creditors' committee which was elected and qualified in the Chapter XI proceeding. The defendant, the Indian Head National Bank of Nashua, lent $200,000 to the plaintiff Finance Corporation on a ninety-day note in April 1970. On July 15, 1970, the Finance Corporation repaid $100,000. On August...

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