State Ex Rel. McConnell v. Peoples Bank & Trust Co.

This appeal is from a decree granting the cashier and assistant cashier of an insolvent bank a preferential lien on the assets in the hands of the receiver for salaries earned within ninety days of the appointment of the receiver, pursuant to the provision in Shannon’s Code, sec. 3564, for such a preferential lien in favor of “all employees and laborers of any corporation,” etc. This Code Section is a compilation of Acts of 1883, Chap. 18; 1897, chap. 78, and 1905, chap. 414, the last act purporting to amend the preceding act so as to include individuals with corporations and partnerships.

It…