Donnelly v. Slaughter

The Atlantic City National Bank, prior to closing its doors, was a national bank, empowered to act as executor, c. In pursuance of this power, the bank had created a trust department, presided over by a trust officer and an assistant trust officer, and in pursuance of the Federal Reserve act, as amended by an act of Congress, September 26th, 1918, had set aside in its trust department securities to protect its trust funds. Complainant seeks to have a certain deposit belonging to decedent's estate declared to be a trust fund, entitled to the protection of these securities. He does not ask…