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4 Ark. 535

Purdy v. Brown

Supreme Court of Arkansas

Decided July 15, 1842

Supreme Court of Arkansas · decided 1842-07-15

This'was assumpsit, determined in . the Phillips Circuit Court, in December, 1841, before the Hon. William K. Sebastian, one of the circuit judges. Purdy, as surviving partner of McLaughlin, sued Brown & Taylor on a note, executed by them to Purdy & McLaughlin.

Relies on Block v. Walker

Decided 1842-07-15

¶1By the Court,

Dickinson, J.

¶2The principle has already been decided by this court, in the case of Block vs. Walker, 2 Ark. 4, that, when an assignor assigns a note, all the legal interest vests in the as-signee, end that he alone is entitled to sue, unless the assignor s againi invested with the legal interest by a new assignment or otherwise. As long as the assignment remains upon the note, no proof is competent to show legal interest in another, because under our statute, it is vested in the assignee.

¶3Judgment affirmed.

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