Daniel v. Georgia State Bank

1. When a bank has been taken over by the superintendent of banks for the purpose of liquidation, as provided in article 7, section 5 of the banking act ot 1919 as amended, the assets of the bank become a trust fund for the benefit of all the creditors of the bank, and a debtor of the bank can not, by subsequently purchasing an account of a depositor, have it set off at its face value against his own indebtedness to the bank. Alexander v. Peebles, 144 Ga. 78 (86 S. E. 231).

2. Although the profits derived from a partnership may be subject to distribution among the individual members of the…