Wasson v. Wooten

I do not agree, with the majority that the facts in this case do not establish a preference. The majority opinion correctly states the issue as follows: “The question now presented by the complaint is whether, in making distribution in the future, in order to prevent a preference, the Bank Commissioner should be required to distribute to the depositors who did not accept stock a sum equal to the amount of the exchange value of the stock accepted by the other depositors.”

The majority opinion states: “The general doctrine is well settled that preference in distributing trust property is…