Luikart v. Hunt

This is the first in a series of four similar cases argued the same day and involving preferences to favored depositors by an insolvent bank. From a judgment in this suit canceling the bank’s transfer and assignment of a note and mortgage to defendant, ordering them reconveyed to the receiver, and enjoining any other assignment or any attempt to collect them, defendant appeals. The decree awarded defendant the amount of the note and *643mortgage as a valid claim for a deposit entitled to share with all the other general depositors of the bank in the general assets thereof.

The transaction…