Fairbanks, Morse & Co. v. Madisonville Savings Bank

Opinion of the Court by

Judge Hobson

Affirming.

The Co-operative Canning Company, of Nortonville, Ky., made an assignment for the benefit of its creditors on December 18,1909, and this suit was brought by some of the creditors under section 1910 Ky. Stat., charging that certain payments had been made by the corporation to the Madisonville Savings Bank and to the First State Bank of Nortonville in contemplation of insolvency, and with the design to prefer them to the exclusion of the other creditors. An answer was filed by the defendants traversing the allegations of the petition. A trial was…