Commercial National Bank of Charlotte v. Alexander

The infant defendants through their guardian ad litem appealed from the judgment, assigning for error the matters to which their four exceptions relate. The first and fourth exceptions may be considered together. -

1. Not only was the action properly constituted in the Superior Court, but the court in the exercise of its equitable powers had jurisdiction to advise and instruct the trustee as to its discharge of the duties imposed upon it by the trust. One of the most important subjects of equitable jurisdiction is that of trusts, for the interest of all parties can be protected only by a…