128 Iowa 597 | Iowa | 1905
The evident object of this provision was to allow payment to the bank by the receiver in accordance with the decision, and at the same time protect the plow company by the execution of a bond as security against loss in event of a reversal on appeal. But the bank did not avail itself of the privilege, and the money continued on deposit pending appeal precisely as before, and subject to the order of the receiver. In what way this cóuld have affected the relationship of the receiver to the bank we are not advised. It merely omitted to avail itself of the benefit of this portion of the decree. The character of the deposit continued unchanged, and there is nothing in the record to indicate any want of prudence on the part of the receiver in allowing it to remain. We conclude that there is no ground for declaring a preference in favor of the Kock Island Plow Company, which appears entitled to the balance due the receiver, or in favor of the receiver, Bevins, as against the receiver of the bank.— Affirmed.