Board of Education v. Union Trust Co.
Michigan Supreme Court
Appeal from Wayne; Donovan, J. Petitions by- the board of education of the city of Detroit and the Detroit Library Commission against the Union Trust Company, as receiver of the City Savings-Bank, to have certain deposits declared to be held in trust. From a decree dismissing the petitions, petitioners appeal..
1Opinion of the CourtMontgomery, J.
The defendant bank closed its doorson the 10th of February, 1902, and the board of education at that time had on deposit, credited to the several funds of the board, $464,000. There was to the credit of the library commission $38,551.60. Henry R. Andrews was the treasurer of the board of education and ex officiotreasurer of the Detroit Library Commission. The moneys were deposited in the bank with the knowledge of the *455board of education, the deposits being made at times by the secretary and at times through Andrews as treasurer, but in all cases with an expectation on the part of the board…
2Cases cited2 opinions
- Board of Fire & Water Commissioners v. WilkinsonMichigan Supreme Court · 1899
- Retan v. Union Trust Co.Michigan Supreme Court · 1903
3Cited by10 opinions
- Reichert v. United Savings BankMichigan Supreme Court · 1931
- Farmers' Bank v. BaileyCourt of Appeals of Kentucky (pre-1976) · 1927
- In re the Estate of KrugerNew York Surrogate's Court · 1931
- City of Lincoln v. RickettsCourt of Appeals for the Eighth Circuit · 1935
- Ottawa Banking & Trust Co. v. Crookston State Bank Ex Rel. VeigelSupreme Court of Minnesota · 1931
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