Taylor v. Street Improvement District No. 343

Kirby, J.,

(after stating the facts). Appellant urges that the chancellor erred in decreeing the deposits of the moneys of the districts in the failed hank special deposits or trust funds within the meaning of § 1 of act 107 of 1927, and entitled to priority of payment over general creditors, as such. The law designates all creditors of a bank, of which the commissioner has taken charge, “classifiable” either as “secured creditors,” “prior creditors” or “general creditors,” and expressly provides:

“ * * * (4) The owner of a. special deposit expressly made as such in said bank, evidenced by a…