Hogansville Banking Co. v. Wilkinson

1. The receipt for collection by a bank in this State, at a time when its officers knew it was insolvent, from a regular customer who did not know of such insolvency, of a check drawn upon a bank in another State, upon the condition that in doing so the bank “acts only as depositor’s collecting agent and . . all items are credited subject to final payment, . . and . . it may charge back any item at any time before final payment,” created such bank merely the agent of such depositor for the purpose of collection; and that relation having been terminated after the closing of the bank of…