Shaw v. Rose

WILLSON, O. J..

(after stating the facts as above). [1] All the certificates sued upon, except the one for $16,000 issued to appellee, set out in the statement above, were like the one considered by this court in Shaw v. McBride (Tex.. Civ. App.) 9 S.W.(2d) 410, where, in determining a contention similar to the one made here by appellant, it was held that a deposit of money in a bank was not, quoting from the syllabus, “converted to ordinary loan, so as to lose protection of bond security system protecting deposits under Rev. St. 1925, Arts. 475, 475a, 523, by fact that contract was reduced to…