Guaranty Trust Co. v. Yakima First National Bank

November 9, 1932, plaintiff was appointed receiver of Yakima Fruit & Cold Storage Company. Within six months thereafter, it brought this action against defendant, alleging that the cold storage company became insolvent on or about December 15, 1931; that defendant, knowing of such insolvency, received payments, in amounts unknown to plaintiff, on past due indebtedness of the cold storage company; that defendant knew that, by accepting such payments, it would receive a greater proportion of its debt than other creditors similarly situated.

A demurrer to this complaint was sustained, with leave…