Wm. Lindeke Land Co. v. Kalman

DEVANEY, Chief Justice.

This is an action brought to enforce personal liability upon the individual trustees of a trust for rent due under a lease signed by them as trustees. In July, 1920, W. H. Gilbert transferred to M. R. Knauft, C. O. Kalman, and John A. Reagan as trustees property consisting of certain restaurants in St. Paul and Minneapolis known as the “Eat Shops” to be held and operated by said trustees and their successors in office for the benefit of the holders of certificates of beneficial interest in said trust. The trust instrument contained provisions whereby the trustees might…