State v. Banking Corporation of Montana

This proceeding grew out of the administration of the receivership of the Banking Corporation of Montana.

Mary A. Sweeney was the owner of bonds, of Which the Banking Corporation was a trustee; the amount due upon the bonds was collected by and retained by the trustee in the fashion described in Fay’s Appeal. (State ex rel. Rankin v. Banking Corporation, 77 Mont. 134, 251 Pac. 151.) After the decision in that matter Mrs. Sweeney filed a petition in which she described herself as a bondholder similar to Mrs. Fay, claiming a like preference. She alleged that on February 27, 1925, .she had-…