First Nat. Bank v. Green

This proceeding is to determine the equitable rule of distribution of the assets of an in-, solvent state bank, as between secured and unsecured creditors.

Pell City Bank & Trust Company being in the course of liquidation through the State Superintendent of Banks, the First National Bank of Birmingham presented its claim against such insolvent bank with proof thereof. Code, § 6310.

To raise the question now for decision, the First National Bank set forth in its proof the amount of its loans to the insolvent bank, and the amount of collaterals held as security therefor; and made claim for…