Commissioner of Banks v. Highland Trust Co.

This is a bill in equity by the commissioner of banks in possession of the Highland Trust Company for instructions on the point whether the Commonwealth is *72entitled to be paid in full as a preferred creditor the excise taxes due under the law from the trust company, or whether it must file proof of claim for such excise taxes and accept in satisfaction such dividend as may later be made to non-preferred creditors of the commercial department of the trust company. There is no dispute as to the amount or legality of the excise taxes. A decree was entered to the effect that the Commonwealth was…