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SOUTHRUST BK. OF BALDWIN CTY. v. EMPIRE CORPORATE FEDERAL CREDIT UNION

AV93000713.

668 So.2d 548 (1994)

SOUTHTRUST BANK OF BALDWIN COUNTY v. EMPIRE CORPORATE FEDERAL CREDIT UNION and MONY Federal Credit Union.

Court of Civil Appeals of Alabama.

Rehearing Denied November 10, 1994.

Attorney(s) appearing for the Case

D. Charles Holtz and J.M. Druhan of Johnston, Wilkins, Druhan & Holtz, Mobile, for appellant.

Charles C. Simpson III of Owens, Benton & Simpson, Bay Minette, for appellees.

RICHARD L. HOLMES, Retired Appellate Judge.

SouthTrust Bank of Baldwin County (SouthTrust) filed an action against Empire Corporate Federal Credit Union (Empire) and MONY Federal Credit Union (MONY). SouthTrust alleged in its complaint that Empire and MONY failed to give timely notice to SouthTrust of the nonpayment of a certain share draft, which is the credit union version of a check, and that such failure resulted in damages to SouthTrust in the amount of $28,762...

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