On February 14, 1933, when a bank moratorium in the state of Michigan was declared by the Governor of that state, the Union & People's National Bank of Jackson, Mich., as trustee in the estate of the Hillsdale Grocery Company, bankrupt, had on deposit in the Union & People's National Bank $2,526.98. This proceeding was instituted to have this deposit declared a preference and under a summary...
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