Republic National Bank v. Sheinfeld

DYER, Circuit Judge:

Republic National Bank of Houston appeals from an order of the district court, which, on a petition for review, affirmed an order of the Referee in bankruptcy directing the bank to turn over and deliver to the trustee in bankruptcy the sum of $5,160.19. This amount was on deposit with the bank in *778a Payroll Account of the bankrupt, Goodson Steel Corporation, and had been set off by the bank against Goodson’s past due note. We reverse and remand for further consideration of the unresolved factual dispute concerning the priority in time of the presentation to the bank of the…