Continental Illinois Bank & Trust Co. v. Button

In this action the Continental Illinois Bank and Trust Company sought to have a claim filed by it with James B. Button, receiver of the Yuma Yalley Bank, for the amount of a draft issued to it by the latter given a preferred status. The trial court denied this relief but allowed the claim as a general one and the plaintiff appeals.

It appears that on June 10, 1930, the Continental Illinois Bank and Trust Company forwarded to the Yuma Yalley Bank for collection a draft for $4,158 on Arizona Minerals Corporation, Yuma, Arizona, and on the following day one for $19.08 on the E. F. Sanguinetti…