Union Trust Co. v. Spokane County

The plaintiff, a corporation, was organized under the laws of the state of Washington prior to the year 1917 as a trust company. Under the act of 1917, Rem. Comp. Stat., § 3231 [P. C.; § 274], certain powers were conferred upon trust companies,'the first of which is— ...

“To execute all the powers and possess all the privileges conferred on banks.” Laws.of 1917, p. 281.

It is stipulated in this case that the trust company has not functioned as a bank, as the word “bank” is ordinarily used, since 1917.

The question involved in this appeal is, does the plaintiff’s capacity, under the law, to…