Andrew v. Farmers State Bank

The plaintiff-appellant herein, L. A. Andrew, is the statutory receiver (Sec. 9242, Code, 1927) of the Farmers State Bank of Grand River, Iowa, insolvent. On January 29, 1931, the claimant, J. O. Jones, filed his claim in the sum of $700 in the receivership matter and prayed that his claim “be made a preferred claim against the assets of the Farmers State Bank of Grand River then in the hands of the receiver.” The preference was predicated on Section 11, Chapter 30, Acts of the 43d G. A. The primary facts were stipulated and it was agreed that the Farmers State Bank of Grand River, Iowa, was…