Richards v. Darst

Citations

• 51 Ill. 140

Syllabus

<p>1. Assignment—of note in the hands of the payee—of the legal title. Whatever assignment the payee of a note may make upon the same, he does not by such assignment pass the legal title to his assignee, while it still remains in the hands of the payee or assignor.</p> <p>2. While the note so remains in the hands of the payee, it is under his control, and he may bring an action upon it, in his own name, and he may erase or otherwise render the assignment inoperative.</p>