Commonwealth v. State Bank

Citations

• 216 Pa. 124
• 64 A. 923
• 1906 Pa. LEXIS 574

Syllabus

<p>Banks and banking — Bills of exchange — Separation of funds.</p> <p>Where a creditor draws upon a debtor and sends the draft for collection to a bank in which the debtor is a depositor, and the bank with the depositor’s consent issues a draft to the creditor on a bank in another city, and charges the amount of the draft against the depositor’s account, and it appears that before such charge was made the money was remitted to pay the draft, the creditor cannot claim, after the failure of the first bank, that the money sent to the second bank was so separated from the general funds of the first bank, that it should be applied to the payment of his draft.</p>