Reeves v. Pierce

The opinion of the court was delivered by

Johnston, J.:

This was an action to trace a trust fund into certain real estate and to subject such real estate to the payment of the trust obligation. It appears that in 1884 Norman J. Krusen was appointed guardian of Georgia M. Pierce and, after having qualified and entered upon his trust, he received the sum of $6882.34, the money of his ward. At the same time Krusen was a stockholder and officer of a bank, and he took from the trust funds more than $3000 and invested the same in the stock of his bank, and this was done without permission of the…