Snider, Exrx. v. Fulton, Supt. of Bks.

It is contended- by counsel for plaintiff that this transaction was illegal and that the defendant had no right to make the deposit as made, nor to accept collateral security therefor nor to receive back the funds from The Ohio Savings Bank & Trust Company for the benefit of the creditors of The Security-Home Trust Company, and that such fund was not a preferred claim. The question thus raised is an important one and, so far as this court is advised, has not been determined in this state.

The real question involved is whether a bank, while doing business as such, may receive a deposit of this…