Danbury State Bank v. Leach

The Danbury State Bank and the Danbury Trust & Savings Bank were each engaged in the banking business in the town of Danbury, on and prior to June 3, • 1924. The first named is the claimant herein, and the second named is the insolvent bank of which the appellant is the receiver. The latter closed its doors on the evening of June 3, 1924. The transaction upon which the plaintiff’s claim is predicated involved the clearance of checks between the two banks, had at 11:30 A. M. on June 3, 1924. At the time of such clearance, the plaintiff held and presented checks against the Danbury Trust &…