Georgia Court of Appeals
Stephen Davison v. Citizens Bank & Trust Company
A16A1470
September 21, 2016
Reversed
Automated case summary
What the court decided
The legal issue was whether Stephen Davison was personally liable for a promissory note under OCGA § 11-3-403 as an unauthorized signer when the bank took the note in good faith. The Georgia Court of Appeals reversed the trial court's judgment, holding that because Citizens Bank knew Davison lacked authority to sign on behalf of HOCO Cubs, LLC, Davison cannot recover the debt from him.