State Ex Rel. McConnell v. Peoples Bank & Trust Co.

This contest arose over a petition filed by the Fourth & First National iBank, of Nashville, to recover the proceeds of a $5,000 judgment, less attorneys’ fees, recovered by the State Superintendent of Banks as receiver for the Peoples Bank & Trust Company from the United States Fidelity & Guaranty Company on a fidelity bond against loss by fraud or dishonesty of the employees of said Peoples Bank, which judgment had been' transferred by the Peoples Bank to said Fourth & First National Bank as collateral to secure a loan made by said Fourth & First National Bank to said Peoples Bank & Trust…