Billingsley v. Pollock

Citations

• 69 Miss. 759

Syllabus

<p>Bank. Collection. Commingling of assets. Trust.</p> <p>Where a bank, having a note for collection, receives payment by check on itself of one having ample funds on deposit, whose account it debits, and, after thus mingling the collection with its general assets, remits therefor its New York check, but fails, and passes into the hands of a receiver, its check being dishonored, the owner of the note has no lien on. the assets of the bank, and cannot enforce priority of payment out of the same. Ryan v. Paine, 66 Miss., 678, and Kinney v. Paine, 68 lb., 258, distinguished.</p>