Leach v. Exchange State Bank

There is involved in this case the question of the right of an independent school district having funds on deposit in an insolvent state bank to be preferred over other depositors in the distribution of the assets of the bank in the 1. RECEIVERS: hands of the state superintendent of banking, as allowance receiver. The question argued by counsel for and payment both parties is broader than this, and goes to of claims: the right of the state and municipalities to be, statutory under such circumstances, preferred over other priority to depositors. While there is some contention that municipali-…