CICERO STATE BANK v. CROWLEY

No. 7256.

115 F.2d 1022 (1940)

CICERO STATE BANK v. CROWLEY et al.

Circuit Court of Appeals, Seventh Circuit.

November 28, 1940.


Attorney(s) appearing for the Case

Julius F. Smietanka, John T. Conlon, Vincent L. Knaus, and Frank Barry, all of Chicago, Ill., for appellant.

Albert J. Horrell, of Chicago, Ill., for appellees.

Before MAJOR and KERNER, Circuit Judges, and LINDLEY, District Judge.


KERNER, Circuit Judge.

The question presented by this appeal is whether a conservator who deposits funds in a bank which has become insolvent is entitled to priority of payment over the bank's other creditors.

Appellant as successor conservator filed its complaint against the appellee claiming that it was entitled to a preference in payment over the other depositors of the bank.

The amended complaint reduced to its simplest terms alleged that in December...

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