Pacific States Savings & Loan Co. v. Commercial State Bank

Respondent brought action against the Commercial State Bank, insolvent, and the state commissioner of finance in charge thereof, to compel classification of a claim against the bank as a trust fund under 1921 Sess. Laws, chap. 42, sec. 13, subd. 2, instead of classification as a general deposit under subd. 3.

Respondent was engaged in loaning money on city property in Burley and was represented in 1921 by the Title Abstract Company of Burley, which acted as its agent in making collections of money and checks and depositing them in the bank. On or about July 15, 1921, the abstract company and…