{
  "id": 8842155,
  "name": "AMERICAN TRUST & SAVINGS BANK v. MARTINEZ",
  "name_abbreviation": "American Trust & Savings Bank v. Martinez",
  "decision_date": "1920-09-02",
  "docket_number": "No. 2396",
  "first_page": "370",
  "last_page": "370",
  "citations": [
    {
      "type": "official",
      "cite": "26 N.M. 370"
    }
  ],
  "court": {
    "name_abbreviation": "N.M.",
    "id": 8835,
    "name": "Supreme Court of New Mexico"
  },
  "jurisdiction": {
    "id": 52,
    "name_long": "New Mexico",
    "name": "N.M."
  },
  "cites_to": [
    {
      "cite": "194 Pac. 603",
      "category": "reporters:state_regional",
      "reporter": "P.",
      "opinion_index": 0
    }
  ],
  "analysis": {
    "cardinality": 133,
    "char_count": 1597,
    "ocr_confidence": 0.488,
    "sha256": "d8d724c97af724ecbaf3fcd242c29d735be53c8b25817a7bedd53638dcba02f3",
    "simhash": "1:4b994313fc1be222",
    "word_count": 266
  },
  "last_updated": "2023-07-14T21:22:50.000587+00:00",
  "provenance": {
    "date_added": "2019-08-29",
    "source": "Harvard",
    "batch": "2018"
  },
  "casebody": {
    "judges": [
      "Roberts and Raynolds, J.J., concur."
    ],
    "parties": [
      "AMERICAN TRUST & SAVINGS BANK v. MARTINEZ."
    ],
    "opinions": [
      {
        "text": "OPINION OP THE COURT.\nPARKER, C. J.\nThis is an action upon a promissory note given for the purchase of shares of the capital stock in a- corporation. It does not appear clearly from the findings of the court below whether this note was given upon a subscription contract for the shares of the corporation, or whether the stock was purchased from a private individual, unconnected with the corporation. It does appear, however, from the answer of the appellant that the note was claimed to have been given upon a subscription contract for shares in the corporation, and it will be assumed that such was the case. The objection to the judgment upon the note is founded upon the same proposition as that discussed in Stockman\u2019s Guaranty Loan Co. v. Severo Sanchez, 26 N. M. \u2014, 194 Pac. 603, in which an opinion has just been handed down.\nFor the reasons given in that opinion, the judgment of the lower court was correct, and should be affirmed; and it is so ordered.\nRoberts and Raynolds, J.J., concur.",
        "type": "majority",
        "author": "PARKER, C. J."
      }
    ],
    "attorneys": [
      "Rodey & Rodey, of Albuquerque, for appellant.",
      "MarRON & Wood, of Albuquerque, for appeilee."
    ],
    "corrections": "",
    "head_matter": "AMERICAN TRUST & SAVINGS BANK v. MARTINEZ.\n[No. 2396.\nSept. 2, 1920.]\nSYLLABUS BY THE COURT.\nSections 939 and 940, Code 1915, interpreted, and held not to prohibit a corporation from taking a promissory note upon a subscription contract for its capital stock, and that such note is valid and binding- upon the maker.\nAppeal from District Court, Bernalillo County; Hickey, Judge.\nAction by the American Trust & Savings Bank against Salome Martinez. Judgment for plaintiff, and defendant appeals.\nAffirmed.\nRodey & Rodey, of Albuquerque, for appellant.\nMarRON & Wood, of Albuquerque, for appeilee."
  },
  "file_name": "0370-01",
  "first_page_order": 386,
  "last_page_order": 386
}