Love v. Meridian Grain & Elevator Co.

This case arose in the chancery court of Newton county on a petition of the Meridian Grain & Elevator Company, appellee, to have a certain claim in its behalf adjudicated as a preference claim, establishing as a trust certain funds in the hands of J. S. Love, superintendent of banks, and M. L. Thompson, liquidating agent, appellants, these funds having come into the hands of the latter because of the failure of the Citizens’ Bank of Newton, in which the funds in question were held. The superintendent of banks and the liquidating agent admitted the correctness of the appellee’s claim, but…