Legal Opinion
Davenport v. Davenport Foundation
California Supreme Court
Decided September 19, 1950No. L. A. 21005PublishedCited by 15 opinions
1Opinion of the CourtTraynor, J.
On May 23, 1939, Levi M. Davenport, then 78 years of age, conveyed certain property to La Verne College, a corporation, as trustee. The trustee was given only ministerial duties. The management of the trust, to be known as the “Davenport Foundation,” was committed to a board of directors of five named persons who were to constitute the board of trustees of the Foundation. The trust provided:
“Reserves
“Before distribution is made of any of the net income reserves shall be set aside as follows to wit:
“ (1) 25% of the gross income for taxes, supervision and upkeep.
“(2) 12% of the gross income for…
2Cases cited15 opinions
- Berniker v. BernikerCalifornia Supreme Court · 1947
- Brant v. California Dairies, Inc.California Supreme Court · 1935
- Bainbridge v. StonerCalifornia Supreme Court · 1940
- Woodbine v. Van HornCalifornia Supreme Court · 1946
- Estate of SutroCalifornia Supreme Court · 1909
10 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Douglas Aircraft Co. v. CranstonCalifornia Supreme Court · 1962
- In Re SchwarzkopfCourt of Appeals for the Ninth Circuit · 2010
- Richfield Oil Corp. v. CrawfordCalifornia Supreme Court · 1952
- Adler v. City of PasadenaCalifornia Supreme Court · 1962
- Vaughan v. First Federal Savings & Loan Ass'nIdaho Supreme Court · 1963
10 more not listed; retrieve them via the Exa API.