State Ex Rel. Robertson v. Thomas W. Wrenne & Co.

Mb.. 'Justice Chambliss

delivered the opinion of the Court.

This is an appeal by the receiver of an insolvent bank, in process of liquidation in the chancery court, from a decree awarding’ to a group of claimants of trust funds placed with the bank in its capacity as guardian, executor, etc., priority over general depositors and other creditors. These trust funds aggregated some $37,000. The record indicates that, if and when these priorities are discharged and the costs of administration paid, the fund remaining for distribution will be so depleted that general depositors will receive around 5…