Sisman v. Ogden State Bank

HANSON, Justice.

In April, 1924, plaintiff and the Ogden State Bank, a banking corporation of Ogden, Utah, entered into a written trust agreement under the terms of which plaintiff delivered certain funds to the bank to be held in trust. Thereafter this agreement was modified and amended so that on October 30, 1930, the trust agreement covered certain stocks and bonds and certain moneys invested by the bank in real estate mortgages. By the terms of the trust agreement as so finally entered into, the trust property held by the bank was to be invested in approved securities, preferably first…