Kahmann v. Moberly

The question litigated herein is whether plaintiffs as the holders of a time certificate of deposit in the defendant bank for $700. (which matured on January 9, 1933), and one year’s interest at four per cent, are entitled to a preference thereon, amounting to $728 on February 1, 1933, when they demanded, on that date, payment thereof, which was refused?

After trial, the court on the third day of February, 1934, denied plaintiffs’ claim for preference and ordered it classified as a general claim to be paid proratably with the common claims allowed. Whereupon, plaintiffs duly appealed.

The…