SOUTHERN BANK COMMERCE v. UNION PLANTERS

No. 08-288.

289 S.W.3d 414 (2008)

SOUTHERN BANK OF COMMERCE, Appellant/Cross-Appellee, v. UNION PLANTERS NATIONAL BANK, Appellee/Cross-Appellant.

Supreme Court of Arkansas.

December 4, 2008.


Attorney(s) appearing for the Case

Branch, Thompson, Philhours & Warmouth, by: Robert F. Thompson, III, Paragould, AR, for appellant/cross-appellee.

Lyons, Emerson & Cone, PLC, by: Jim Lyons, Jonesboro, AR, for appellee/cross-appellant.


DONALD L. CORBIN, Justice.

The instant appeal presents the question of whether Appellee Union Planters National Bank is a holder in due course, as defined by the Uniform Commercial Code, and is entitled to seek payment from Appellant Southern Bank of Commerce after a cashier's check issued by Southern Bank was declined due to insufficient funds. On appeal, Southern Bank argues that the trial court erred in finding that Union Planters was a holder in due course. Southern...

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