First Nat. Bank of Ventura v. Williams

PARKER, Circuit Judge.

This is a suit in equity, instituted by complainant to recover of the defendant, as receiver, the amount of a draft sent by complainant to the Commercial National Bank for collection, and collected by it on the last day on which it was open for business. Recovery is asked on the ground that at the time of the collection of the draft the bank was hopelessly insolvent, to the knowledge of its officers, that the proceeds of the draft remained the property of complainant, and that same came into the hands of the receiver upon his taking over the bank’s assets.

The facts, with…