Legal Opinion
Corpus Christi National Bank v. Gerdes
Court of Appeals of Texas
Decided May 12, 1977No. 1136PublishedCited by 26 opinions
1Opinion of the Court
OPINION
YOUNG, Justice.
In this appeal the primary question to be resolved is whether an exculpatory provision in a trust document specifying that a trustee shall not be liable for any mistake, error of judgment, or negligence is binding on the beneficiaries of the trust. We hold that the provision here is binding.
The Corpus Christi State National Bank (now Corpus Christi National Bank) was designated independent executor and co-trustee in the will of Casper Gerdes, Jr. After Gerdes had died, and after the Bank had begun the administration of the estate, discord arose between the Bank and the…
2Cases cited13 opinions
- Fort Worth Elevators Co. v. RussellTexas Supreme Court · 1934
- Southern Pine Lumber Co. v. AndradeTexas Supreme Court · 1939
- Northeast Texas Motor Lines, Inc. v. HodgesTexas Supreme Court · 1942
- Huffman v. HuffmanTexas Supreme Court · 1960
- Stewart v. SelderTexas Supreme Court · 1971
8 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Austin Transportation Study Policy Advisory Committee v. Sierra ClubCourt of Appeals of Texas · 1993
- Jewett v. Capital National Bank of AustinCourt of Appeals of Texas · 1981
- Corpus Christi Bank & Trust v. RobertsCourt of Appeals of Texas · 1979
- Moody v. Pitts, Texas Court of Appeals, 13th District1986
- Godette v. Estate of CoxDistrict of Columbia Court of Appeals · 1991
21 more not listed; retrieve them via the Exa API.