Case Name: MRS. W. T. HECKSTALL v. CITIZENS BANK OF WINDSOR, GURNEY P. HOOD, Commissioner of Banks, and HENRY SPRUILL, Liquidating Agent
Court: Supreme Court of North Carolina
Jurisdiction: North Carolina
Decision Date: 1932-03-02
Citations: 202 N.C. 350
Docket Number: 
Parties: MRS. W. T. HECKSTALL v. CITIZENS BANK OF WINDSOR, GURNEY P. HOOD, Commissioner of Banks, and HENRY SPRUILL, Liquidating Agent.
Judges: 
Reporter: North Carolina Reports
Volume: 202
Pages: 350–351

Head Matter:
MRS. W. T. HECKSTALL v. CITIZENS BANK OF WINDSOR, GURNEY P. HOOD, Commissioner of Banks, and HENRY SPRUILL, Liquidating Agent.
(Filed 2 March, 1932.)
Banks and Banking H d — In this case held: depositor was entitled to preferred claim against receiver of hank.
Where it is established by the jury that a bank, without the knowledge or consent of its depositor, took his bonds and sold them and credited the depositor with the amount in its savings department: Held, upon the bank’s becoming insolvent the depositor is entitled to a preferred claim against the receiver to the extent of the value of the bonds as a special deposit, it appearing that the depositor had never ratified the act of the bank by drawing on the fund or otherwise.
Appeal by defendants from Harris, J., at November Term, 1931, of Bertie.
No error.
The plaintiff brought suit to recover the value of certain Liberty Bonds deposited by her in the Citizens Bank of "Windsor and alleged to have been converted by the bank. Upon the pleadings and evidence issues were submitted to the jury, who found for their verdict that the bank sold the plaintiff’s bonds and deposited the proceeds in the savings department without her authority, and that the deposit was carried in its entirety without the plaintiff’s drawing on it or otherwise ratifying such sale. It is admitted that the amount was $400. •
It was adjudged on the verdict that the plaintiff is entitled to recover the sum of $400, with interest at 4% per cent and that she be declared a preferred claimant against the assets of the bank in the hands of the receiver to the amount of her recovery. The defendants excepted and appealed.
J. A. Pritchett for appellants.
Ward & Grimes for appellee.

Opinion:
Pee Cueiam.
Tbe principal questions in controversy were whether the deposit was general or special and whether the plaintiff was entitled to a preference in the administration of the bank's assets. In effect the jury found that the deposit was special and that the plaintiff is entitled to recover the value of the bonds. We have considered all the assignments of error and find no error. Corporation Commission v. Trust Co., 193 N. C., 696; Parker v. Central Bank and Trust Company, ante, 230.
No error.