County of Traverse v. Veigel

Defendant in charge of the Farmers State Bank of Tintah for liquidation appeals from a judgment determining that a certain amount of plaintiff’s funds in the bank were trust funds entitled to preference.,

The bank while a going concern was a duly designated county depository, having given a bond for $6,000, which authorized the county treasurer, under G-. S. 1923, § 848, to deposit county funds therein up to $3,000. On November 9, 1926, there was to the credit of plaintiff in its deposit account a sum less than $3,000. But it appears that previous thereto the bank had received $4,752.60 more…