Citizens Life Insurance v. Owensboro Savings Bank & Trust Co.'s

Opinion of the Court by

Judge Nunn

Affirming on the Cross Appeal and Reversing on the Appeal.

The appellee, The Owensboro Savings Bank & Trust Company, did a banking business in the City of Owens-*119boro for several years prior to April 21st, 1908. On that date it made an assignment to the appellee, T. A. Pedley. It was then insolvent, and had been for several years prior to that time.

The appellant, the Insurance Company, had been engaged in its business in the city of Louisville during that time. W. H. Gregory was its president and L. W. Key was its treasurer.

James H. Parrish was the president of…