Detroit Trust Co. v. First Nat. Bank-Detroit

BINDLEY, District Judge.

Matthew Finn, testate of plaintiffs, died June 18,1932, and plaintiffs sue as executors of his last will and testament. At the time of Ms death the deceased was indebted to the First National Bank in a substantial sum and the bank held as security for the payment thereof various stocks and bonds. The certificates of stock were assigned in blank and the bonds payable to bearer. After the death of Mr. Finn, the executors continued to collect the dividends upon the stock and interest due on coupons upon the bonds. The total amount of such collections up to February 11,…