Sefton v. Farmers State Bank

The opiniqn of the court was delivered by

Harvey, J.:

This is a proceeding to have a claim against the receiver of a failed bank allowed as a preferred claim. The trial court allowed it as a common claim in the sum of $9,000. Claimant has appealed, and contends that under the evidence $6,000 of the amount should have been allowed as a preferred claim. The receiver filed a cross appeal and contends the claim should not have been allowed in any sum, even as a common claim.

The facts disclosed by the pleadings, stipulated in writing and agreed to in open court, may be summarized as follows: The…