Legal Opinion

Shurtleff v. Norcross & Trustee

Supreme Court of Vermont

Decided November 1, 1921PublishedCited by 6 opinions

Action Of Contract. Judgment was rendered against the principal defendant at the June Term, 1915, Caledonia County, Miles, J., presiding, and the ease referred to a commissioner to take the disclosure of the trustee. Hearing on the commissioner’s report at the June Term, 1919, Stanton, J., presiding. Judgment discharging the trustee. The plaintiff excepted. The opinion states the case.

1Opinion of the CourtWatson, C. J.

[1] The trustee, Lamoille County Savings Bank and Trust Company, is a banking institution having its principal place of business at Hyde Park, this State. The writ in this case was served upon it April 6, 1911. For about four years prior thereto, the principal defendant borrowed money of the trustee for use in his business of purchasing and selling horses, carriages, and real estate, and, as collateral security for the payment of the money so borrowed, he turned over to the trustee, at various times, promissory .notes taken by him in the course of his business. By agreement between defendant…

2Cases cited4 opinions

  1. Buchanan v. International BankIllinois Supreme Court · 1875
  2. Second Nat. Bank of Grand Forks v. SproatSupreme Court of Minnesota · 1893
  3. In re WileyDistrict Court, D. Indiana · 1868
  4. Sargent v. WoodSupreme Court of Vermont · 1879

3Cited by6 opinions

  1. Gins v. Mauser Plumbing Supply Co.Court of Appeals for the Second Circuit · 1945
  2. Newton v. MannSupreme Court of Colorado · 1943
  3. John A. Westlund, Inc. v. O'Bryan Construction Co.Supreme Court of Vermont · 1963
  4. In Re Housecraft Industries, USA, Inc.United States Bankruptcy Court, D. Vermont · 1993
  5. Agricultural Credit Corp. v. JohnsonSouth Dakota Supreme Court · 1935

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