Nagle v. Robins
Wyoming Supreme Court
Exceptions to final report of William A. Robins as guardian of the estate of George II. Nagle, a minor. The district court decided adversely to the ward, and sustained the acts of the guardian. The ward prosecuted error. The facts are stated in the opinion. The constitution prohibits the Legislature from authorizing, by any kind of legislation, the investment of trust funds in the bonds or stock of private corporations.
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Exceptions to final report of William A. Robins as guardian of the estate of George II. Nagle, a minor. The district court decided adversely to the ward, and sustained the acts of the guardian. The ward prosecuted error. The facts are stated in the opinion. The constitution prohibits the Legislature from authorizing, by any kind of legislation, the investment of trust funds in the bonds or stock of private corporations. (Art. 3, Sec. 38, Sec. 27). Hence the court cannot derive any power to ratify such investments. It cannot exercise any power not specially conferred by statute, or necessary…
1DissentCorn, Justice
I am unable to concur in all of the conclusions reached by a majority of the court in this case, and some of the questions are' of such importance as to require, in my *253opinion, a brief statement of what I deem to be the correct view.
The guardian purchased 177 shares of the stock of the Union Mercantile Company, a private corporation, paying therefor $16,284.00 out of the trust moneys in his hands. He also loaned to Mr. Warren $20,000.00, taking as the only security therefor shares of the Warren Live Stock Company and of the F. E. Warren Mercantile Company, private corporations. The…
Also in this document: Per curiam.
2Cases cited5 opinions
- The Parker Mills v. . the Commissioners of TaxesNew York Court of Appeals · 1861
- State ex rel. Trustees of the Methodist Episcopal Church v. WarrenCourt of Appeals of Maryland · 1868
- In re the Estate of BurtonCalifornia Supreme Court · 1883
- In re Estate of KimberlyCalifornia Supreme Court · 1893
- Kingsbury v. PowersAppellate Court of Illinois · 1888