EX PARTE TOWN OF DARLINGTON

Mr. Jerome F. Pate, for appellant, cites: Where bank insolvent but still conducting business, paying check of depositor who had no notice, depositor protected: 59 F., 233; 128 Ga. 577; 62 S.E., 252; 77 S.C. 305; 57 S.E., 182; 155 S.C. 222; 152 S.E., 425; 204 P., 992; 21 A.L.R., 677. Check operates as an equitable assignment pro tanto as against drawer: 150 S.E., 137; 38 W. Va., 351; 18 S.E., 620; L.R.A. 1916-A, 711; 72 A.S.R., 259; 48 L.R.A., 565; 54 N.E., 946; 12 S.E., 245. Messrs. Dargan Paulling, for respondent, cite: "Liquidate" defined. Sec. 6940, Code 1932; 133 S.C. 446; 131 S.E., 612; 2 L.R.A. (N.S.), 83; 82 P., 582; 186 Ill., 440; 57 N.E., 1061; 53 L.R.A., 232; 78 A.S.R., 294; 7 C.J., 751. One holding check or draft of bank which becomes insolvent before same is paid, not entitled to preference: 136 S.C. 511; 134 S.E., 510; 150 S.C. 25; 147 S.E., 653; 159 S.C. 374; 157 S.E., 78; 60 S.C. 122; 38 S.E., 453; 144 S.C. 147; 142 S.E., 239; 77 S.C. 305; 57 S.E., 182.