Gillett v. American Savings Bank

The American Savings Bank of Maquoketa, Iowa, was a banking institution organized under the laws of the state of Iowa. It went into the hands of a receiver on the 3d day of October, 1931, and L. A. Andrew, superintendent of banking, was appointed receiver, in which proceedings W. H. Gillett filed a claim and asked a preference. In the receivership the receiver classified the aforesaid claim as a general depositor’s claim and rejected the preference. The claimant filed objections to this classification, and the matter was tried out, and the district court held that this claim should be allowed…