Exchange National Bank v. Receivers of City Savings, Building & Loan Ass'n

The plaintiff in error bank, as administrator de bonis non of the estate of Dr. Thomas F. Woody, deceased, filed with the receivers of the insolvent City Savings, Building and Loan Association certain claims based upon a number of so-called certificates of deposit which had been issued by the association to Dr. Woody in his lifetime. There was a hearing on the claims in the district court. It was decided that they were not claims of a creditor, entitled as such to priority over the claims of the association’s members, but were merely claims of a member and so entitled only to share pro rata…