In Re Canal Bank & Trust Co.

FOURNET, Justice.

The receiver of Clover Ridge Planting & Manufacturing Company, Inc., filed a petition of intervention in the liquidation of the Canal Bank & Trust Company, to be recognized as a preferred creditor, and several creditors of the receiver also intervened for the purpose of being recognized as preferred creditors in their individual capacity.

The principal asset of the receivership was a deposit in escrow of the proceeds of certain insurance policies in the Canal Bank' & Trust Company prior to the time it was placed in liquidation; the right to the ownership thereof having been…