Mickle v. Ormond Beach Bond, Mortgage & Guaranty Co.

— On July 10, 1929, appellee drew its check for $2,500.00 on the Franklin Fourth Street National Bank •of Philadelphia, payable to the order of Merchants Bank & Trust Company of Daytona Beach, and deposited it with the latter bank in the usual course of business for collection and credit to appellee’s account. The Merchants Bank & Trust Company dosed and went into liquidation at the •close of business July 11, 1929.

In due course appellee filed its claim with appellant as liquidator and asked that it be allowed as a preferred claim against the assets of said bank. This request was denied .and…