Arnold Investment Co. v. Citizens State Bank

Citations

• 98 Kan. 412
• 158 P. 68
• 1916 Kan. LEXIS 100

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Bank — Insolvency—Trust Funds — Assets must be Appreciably Augmented. The owner of money fraudulently obtained and used in the-business of an insolvent bank, by its cashier, is not entitled to repayment by the receiver, in preference to other creditors, except so far-as he shows that the assets which reached the hands of the receiver were larger by reason of such transaction than they would otherwise-have been; it is not enough to show that the assets of the bank were-increased, or that the money was used in reducing its indebtedness.</p>