Marshburn v. Williams

PARKER, Circuit Judge.

This suit was instituted to recover the proceeds of certain government bonds and coupons, amounting to $3,122.24, deposited with the Commercial National Bank on December 14, 1922, and to have a trust to the amount of said bonds declared in favor of complainant on the assets of the bank which came into the hands of the receiver.

The contention of complainant is that the bonds were deposited with the bank for collection, and not for deposit, and that the proceeds thereof constituted a trust fund in the hands of the bank, which can be recovered from its receiver. Complainant…