Wear v. Farmers and Merch. Bank of Las Cruces

In Wear v. Farmers and Merch. Bank of Las Cruces, 605 P.2d 27, 29-30 (Alaska 1980) an insurance company did not indorse a promissory note to its subsidiary, which prevented the subsidiary from becoming an HDC. The Alaska Supreme Court also considered whether the document of assignment was so firmly affixed to the note as to become an indorsement, but determined that the document of assignment only described the note and was not actually attached to it. Id.