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REDFIELD INDEPENDENT SCHOOL DIST. NO. 20 v. SCHNETZER

No. 10927.

94 F.2d 257 (1938)

REDFIELD INDEPENDENT SCHOOL DIST. NO. 20. v. SCHNETZER.

Circuit Court of Appeals, Eighth Circuit.

February 8, 1938.

Attorney(s) appearing for the Case

W. F. Bruell and W. H. Beckman, both of Redfield, S. D., for appellant.

Cloyd D. Sterling, of Redfield, S. D. (Sterling, Clark & Grigsby, of Redfield, S. D., on the brief), for appellee.

Before STONE, SANBORN, and WOODROUGH, Circuit Judges.

SANBORN, Circuit Judge.

The receiver of the American National Bank of Redfield, S. D., brought this action against Redfield Independent School District No. 20, of South Dakota, to recover the difference between the amount the school district had received upon the assumption that it was a secured creditor of the bank and the amount it would have received had it been classed as a general creditor. The case was tried to the court upon a stipulation of facts, and, from...

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