Love v. Kraft-Phenix Cheese Corp.

• On May 16; 1930 the Citizens’ Bank of Newton was declared insolvent by the state banking department, and its affairs were being liquidated by a proceeding in the court below under section 3817, Code 1930’. The appellee filed a petition praying that the appellant be decreed to hold the sum of two thousand nine hundred twenty-four dollars and eighteen cents of the money received by him as a part of the assets of the bank in trust for it, and that it be given a preference to that extent over the bank’s creditors. The decree was in accordance with this prayer. It appears from the agreed…