— Appellee, John C. Craig, hereinafter mentioned as appellee, was appointed receiver for the Farmers and Merchants Bank of Cicero, Indiana, by the Hamilton Circuit Court, in the case of State, ex rel. Dale J. Crittenberger v. Farmers and Merchants Bank of Cicero, Indiana, being the case in which this appeal is prosecuted. He was duly qualified as such receiver, and took possession of all the assets of said bank, January 22, 1915. Thereafter appellant, Elmer E. Applegate, • hereinafter mentioned as appellant, by leave of court, brought suit against' said appellee, by filing complaint in said Hamilton Circuit Court, to which appellee answered in *218general denial, and the cause was submitted to tbe court for trial. At tbe request of tbe parties, tbe court rendered a special finding of facts, from wbicb we bave tbe following facts pertaining to matters in tbis appeal: On November 14, 1914, appellant executed to said F. and M. Bank bis note in tbe sum of $200, due ninety days after date. Said F. and M. Bank indorsed tbe note, with numerous others, to tbe Commercial National Bank of Indianapolis, Indiana, to secure a loan of $17,000. Thereafter, to wit, on January 15,1915, appellant called at said bank for tbe purpose of paying said note, and did pay to tbe president of said bank tbe amount due on tbe note. Tbe president pretended to make a search for tbe note, but failed to find it, and then informed said appellant that be bad mislaid it, and that be would apply tbe money to tbe payment of tbe note as soon as it could be found. Appellant bad no knowledge, at tbe time of making said payment, that said note bad been assigned to tbe Commercial National Bank, and tbe president concealed such fact from him. Tbe money so paid by appellant was not applied to tbe payment of said note,, nor was it put into tbe bands of said appellee as such separate fund, but it was absorbed into tbe assets of said bank before tbe receivership aforesaid. Said president knew that tbe note bad been assigned to tbe Commercial National Bank, but fraudulently concealed such fact from appellant, and allowed him to pay in tbe money with tbe purpose of paying tbei note, under the belief that it was then held-by said F. and M. Bank. When appellee took charge of tbe F. and M. Bank, be found therein $868.98 in cash or in drafts and checks on solvent banks, payable to said bank, and there was *219on hand continuously from January 15, 1915, more than the principal and interest of said note; the money paid in by appellant was by the bank wrongfully commingled with its funds, and remained therein. From January 15, 1915, to the time said appellee .took charge of said bank, it received in deposits between $15,000 and $16,000, and during the same time paid out between $18,000 and $19,000. During all the time of said transactions, said bank was insolvent, and so continued till the time of the findings of fact. At said time other suits were pending, and other claims of a similar import to the one in suit remained to be adjusted, and the assets of said bank had not then been marshaled, and it could not then be' determined whether said claims could be paid in full as preferred claims against the bank. The court then found that appellant was entitled to have his money returned to him to apply on said note then held by said Commercial National Bank, in the event that, upon the winding up of said concern, there were sufficient funds to pay him.
After conclusions of law, the following judgment was entered in said cause, to wit: “It is therefore ordered, adjudged and decreed by the court that the plaintiff, Elmer E. Applegate, recover of the defendant, John C. Craig, as receiver of The Farmers and Merchants Bank of Cicero, Indiana, the sum of $201.49 and that the same is preferred as against the assets of said bank (not incumbered by any specific lien or liens) over the general creditors of said bank, and the plaintiff is hereby entitled to have the amount of the judgment hereby given paid and discharged in full by said receiver out of such.assets.”
*220On January 8,1917, appellee commenced this action by filing his petition in said receivership proceeding, alleging therein that at the time the said F. and M. Bank closed its doors there came into said appellee’s hands $482.23 in cash, and cash items that were afterward collected to the amount of $386.75; that appellant had recovered said judgment for $201.49 as a preferred claim; that other parties had been allowed preferred claims; and that others were asserting that their claims were preferred. The receiver prayed the court to determine what claims were preferred, and in what manner they should be paid.
Appellant appeared and filed his intervening petition, averring therein his judgment for $201.49, and that by the terms of said judgment the amount thereof was a preferred claim as against all the assets of said bank, not incumbered by any specific lien, over the general creditors of said bank,, and that he was entitled to have the amount of his said judgment paid in full by the appellee out of the assets; that said judgment was unappealed from, and in full force and effect, and that there had come into the hands of said appellee enough money to pay the judgment and interest, costs of this action, all expenses of the receivership, and any and all preferred claims against said receivership.
Trial was had on said appellee’s petition, and appellant’s intervening petition, and the. court found on appellee’s petition that appellant was entitled to a preferred claim in the sum of $201.49, and that there were other preferred claims, designating them, to the amount of $2,610.18, but that said preferred claims, including appellant’s, were only preferred as to their proportionate share of said sum of $482.23, *221cash on hand when appellee was appointed as snch receiver, and as to the balance of their claims after said $482.23 was exhausted, they should share on equal terms with the general creditors, and the court found against the appellant on his intervening petition. Judgment was rendered accordingly, from which judgment after appellant’s motion for ,new trial was overruled, appellant prosecutes this appeal, assigning for error the action of the court in overruling his motion for a new trial, in which it is specified that- the decision of the court is contrary to. law, and the decision of the court is not sustained by sufficient evidence.
1. The appellee testified that he had on hands funds derived from the assets of said F. and M. Bank, more than sufficient to pay all preferred claims in full, as well as costs and expenses of the. receivership'. It was out of these assets that the judgment in favor of the appellant in the first suit directed that appellant’s claim should be paid. This judgment was right. As appeared by the • special findings of fact, appellant’s money was traced into the funds of the bant, and while it could not be specifically traced further, it necessarily follows that such money was used either to pay debts of the delinquent bant, or to augment its assets. The relation between the appellant and the bant was fiduciary, and the action of the bant in so concealing the facts as to the assignment of the note, and in misappropriating appellant’s money, was fraudulent, and the bant or its receiver and creditors cannot profit thereby. The money did not belong to the bant, nor to the creditors, and restoring it to its rightful owners could not harm them. Massey v. Fisher (1894), (C. C.) *22262 Fed. 958; People v. City Bank, etc. (1884), 96 N. Y. 32; Carley v. Graves (1891), 85 Mich. 483, 48 N. W. 710, 24 Am. St. 99; McLeod v. Evans (1886), 66 Wis. 401, 28 N. W. 173, 214, 57 Am. Rep. 287; Mich. S. S. Co. v. Thornton (1905), 136 Fed. 134, 69 C. C. A. 132. Windstanley v. Second Nat. Bank, etc. (1895), 13 Ind. App. 544, 41 N. E. 956, and Shopert v. Indiana Nat. Bank (1908), 41 Ind. App. 474, 83 N. E. 515, both cited by appellee, are not out of harmony with this principle as a careful reading will disclose.
2. Even if the judgment were erroneous, there is nothing in the record that shows that it was void for any reason, and it was therefore not subject to collateral attack. Exchange Bank v. Ault (1885), 102 Ind. 322, 1 N. E. 562; Spencer v. Spencer (1903), 31 Ind. App. 321, 67 N. E. 1018, 99 Am. St. 260; Trelkeld v. Allen (1892), 133 Ind. 429, 32 N. E. 576.
3. The judgment was directly .on the point involved in this action, and is therefore conclusive between the Same parties in the same court, or in any other court of concurrent jurisdiction. Thompson v. Reasoner (1890), 122 Ind. 454, 24 N. E. 223, 7 L. R. A. 495; Jarrel v. Brubaker (1898), 150 Ind. 260, 272, 49 N. E. 1050; Isbell v. Stewart (1890), 125 Ind. 112, 25 N. E. 160; Patterson v. Ward (1898), 8 N. D. 87, 76 N. W. 1046; Peay, Rec., v. Duncan (1859), 20 Ark. 85; Wingate v. Haywood (1860), 40 N. H. 437; Axford v. Graham (1885), 57 Mich. 422, 24 N. W. 158. It cannot be relitigated by an original proceeding, but must be corrected in error or by appeal. Anthony v. Halderman (1871), 7 Kan. 50.
The judgment of the court is contrary to law, and is reversed, with instructions to grant a new trial.