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GUILD v. MEREDITH VILLAGE SAV. BANK

No. 80-1470.

639 F.2d 25 (1980)

Henry R. GUILD, Jr. et al., Plaintiffs-Appellees, v. MEREDITH VILLAGE SAVINGS BANK, Defendant-Appellant.

United States Court of Appeals, First Circuit.

Decided December 22, 1980.

Attorney(s) appearing for the Case

Daniel J. Callaghan, Manchester, N. H., with whom Joseph A. Millimet, and Devine, Millimet, Stahl & Branch Professional Association, Manchester, N. H., were on brief, for defendant-appellant.

William S. Strong, Boston, Mass., with whom Herrick & Smith, Boston, Mass., was on brief, for plaintiffs-appellees.

Before COFFIN, Chief Judge, BOWNES, Circuit Judge, HOFFMAN, District Judge.

BOWNES, Circuit Judge.

In this diversity case, defendant-appellant, Meredith Village Savings Bank, appeals a judgment of the district court ordering it to return to plaintiffs certain debentures pledged to the bank by plaintiffs' decedent as security for a demand note to the bank executed by Donald Shoup.1 The court ruled that the statute of limitations had run on the note and, because it was not...

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