McGregor v. First Farmers-Merchants Bank & Trust Co.

Plaintiff brought this action to establish a preferred claim against the general funds in the possession and under the control of the state supervisor of banking, then liquidating the affairs of an insolvent bank. Upon a trial before the court, findings and conclusions were made establishing the claim as preferred, and judgment was entered accordingly. The defendants have appealed.

The facts, as shown by the clear preponderance of the evidence and as found by the court, are these: On October 31, 1932, Coffman-Dobson Bank & Trust Co., of Chehalis, issued its cashier’s check in the sum of one…