American Bank & Trust Co. v. National Bank

196 S.E. 693, 170 Va. 169, 1938 Va. LEXIS 175
CourtSupreme Court of Virginia
DecidedApril 28, 1938
StatusPublished
Cited by4 cases

This text of 196 S.E. 693 (American Bank & Trust Co. v. National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
American Bank & Trust Co. v. National Bank, 196 S.E. 693, 170 Va. 169, 1938 Va. LEXIS 175 (Va. 1938).

Opinion

Eggleston, J.,

delivered the opinion of the court.

On January 15, 1931, Allie M. White and W. W. White, Jr., through their attorney in fact, confessed a judgment in [171]*171favor of the National Bank of Suffolk in the clerk’s office of the Circuit Court of Southampton county. On the same date the clerk entered the following order in the book kept by him among the records in his office, and labeled and designated as “Common Law Order Book—Confession of Judgment—No. 1”:

“Virginia: In the Clerk’s Office of the Circuit Court of Southampton County, the 15th day of January, 1931.
National Bank of Suffolk v. Allie M. White and W. W. White, Jr.
Confession of Judgment.
“This day came as well the plaintiff as the defendants, by their attorney in fact, and the defendants, by their attorney in fact, acknowledged the plaintiff’s right of action for the debt in the writ mentioned, with interest and costs.
“Therefore, it is considered that the plaintiff recover of the defendants the sum of Ten Thousand Two Hundred Fifty & 00/100 ($10,250.00) Dollars, Homestead waived, with interest thereon from the 6th day of December, 1930, until paid, and 10% collection charges, and its costs in this behalf expended.
“Teste: H. B. McLemore Clerk.”
The clerk then endorsed the following on the back of the confession of judgment:
“National Bank of Suffolk vs. Allie M. White & W. W. White, Jr.
“Virginia: In the Clerk’s Office of Southampton, the 15th day of January, 1931.
“The within judgment was duly confessed before me in my said office on the 15 day of January, 1931, at 10:00 o’clock A. M., and has been duly entered of record in Confession of Judgment Book Number 1, Page.....
“Teste: H. B. McLemore, Clerk
“by B. M. Willis, D. C.”

[172]*172The said confession (containing the clerk’s endorsement thereon as aforesaid), together with the warrant of authority and note were securely fastened together and filed by the clerk among his records.

Pursuant to the written request of the president of the National Bank of Suffolk, the judgment was not docketed until July 2, 1931.

In 1935 the respective appellants recovered judgments against Allie M. White and W. W. White, Jr., which were promptly docketed in the same clerk’s office.

Shortly subsequent to the docketing of the appellants’ judgments, the National Bank of Suffolk filed a suit in equity to subject certain lands of Allie M. White to the lien of its confessed judgment. The appellants, who had been made parties defendant to the bill, answered attacking the validity of the confessed judgment. From a decree holding the confessed judgment valid, this appeal has been taken.

The validity of the judgment in question depends upon the construction of the act of the General Assembly pertaining to the confession of judgments, approved March 27, 1922, Acts 1922, ch. 440, p. 765, as amended by Acts 1923, Ex. Sess., ch. 162, p. 201, and as further amended by Acts 1926, ch. 448, p. 744.

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Related

Matter of Brisbane
2 B.R. 636 (E.D. Virginia, 1980)
Pate v. Southern Bank & Trust Co.
203 S.E.2d 126 (Supreme Court of Virginia, 1974)
Bank of Chatham v. Arendall
16 S.E.2d 352 (Supreme Court of Virginia, 1941)

Cite This Page — Counsel Stack

Bluebook (online)
196 S.E. 693, 170 Va. 169, 1938 Va. LEXIS 175, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-bank-trust-co-v-national-bank-va-1938.