The First National Bank of Clinton v. Vance Julian, Trustee in Bankruptcy of Roby C. Woody, D/B/A Woody Motor Company, Bankrupt

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “The general rule is that a deposit in a bank is presumed to be a general deposit and that the relationship created between the bank and the depositor is that of debtor and creditor . . . .”
• proceeds claims which arose within four months of bankruptcy held not to constitute a transfer, since the proceeds claims which arose during the four-month period were a mere surrogate for the original collateral, in which the secured party had lost its lien
• Unless designated as a “special deposit,” which does not create a debtor-creditor relationship, an ordinary deposit in a bank is “presumed to be a general deposit and the relationship created between the bank and the depositor is that of debtor and creditor.”

Source: CourtListener parenthetical corpus (CC0).