People Ex Rel. Nelson v. Waukegan State Bank

In this case the sheriff of Lake county is seeking to have allowed as a preferred claim, to be paid to him by the receiver of the Waukegan State Bank in full before the claims of other creditors, an account which he had in his name, as sheriff, in the Waukegan State Bank at the time of its failure and the taking possession of its assets and business by the Auditor of Public Accounts. At the conclusion of business on June 17, 1931, the bank closed its doors, and at a meeting of the board of directors held the same evening it was unanimously resolved that in order to protect the interests of…