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Thread: Check Non-Endorsement Verbiage

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    Senior Member Michael Joseph's Avatar
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    Quote Originally Posted by Stephen View Post
    I have listened to the YouTube video at:
    https://www.youtube.com/watch?v=2uGn-G5tbE8
    which is a discussion about Lawful Money with David Merrill, Keith Edward, and Michael Joseph.
    Read the verbage in 12USC411. A claim whereupon relief may be granted - "They shall be redeemed on demand....."

    Therefore in my simplistic mind - "Demand is made [present tense] for Lawful Money per 12USC411" contemplates a claim upon which relief may be granted to make a use of PUBLIC MONEY subject to the terms of use established in Statute. Therefore, in my opinion, there remains a trustee to stand surety for the existing notes and there is no need for me to stand as accommodation party for new "book entries".

    I suppose the word "per" could be changed to "in accord with"....my intent is my own.
    Last edited by Michael Joseph; 07-19-15 at 08:46 PM.
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