Andrew v. Winnebago County State Bank

The Winnebago County State Bank was a banking corporation organized under the laws of the state of Iowa. L. A. Andrew, superintendent of banking, was appointed receiver thereof in February, 1928. Four claims were originally involved in this litigation, but the claims of Kassell and Clark were determined to be entitled to a preferred classification; and, as no question is raised in this appeal as to them, we give them no further attention, except on the question as to the extent of the fund to which said preference should be allowed.

In December, 1926, the said Winnebago County State Bank was…