McIntosh v. Bank of Salt Lake

TUCKETT, Justice.

This action was commenced by the plaintiff as trustee in which he seeks to recover from the defendant certain sums of money collected from Bountiful Materials and Construction Company which the plaintiff claimed were preferential transfers under the provisions of the bankruptcy law.

On March 12, 1964, Bountiful Materials and Construction Company borrowed the sum of $15,000 from the Bank of Salt Lake upon its promissory note. The note was secured by an assignment wherein Bountiful Materials and Construction Company assigned to the Bank moneys to become due from Western Paving…