People ex rel. Nelson v. Chicago Bank of Commerce

William L. O’Connell, receiver of the Chicago Bank of Commerce in a dissolution proceeding pending in the circuit court, sued out a writ of error to review a decree entered July 12, 1933, finding the deposit liability of said bank to Josephine Glynn, petitioner, amounting to $15,035, to be a prior and preferred claim, and directing* said sum to be paid out of the receivership estate in the due course of administration.

From the undisputed facts it appears that on June 24,1932, Josephine Glynn was a depositor in the Union Bank of Chicago, which had in 1931 issued to her its passbook No. 31457.…