Maryland Casualty Co. v. Williams

BOULDIN, Justice.

The purpose of the bill is to follow alleged trust funds and reclaim them for the benefit of the party alleged to be equitably entitled thereto. The appeal is from a decree sustaining demurrers to the bill as amended.

The controlling facts averred in the bill are briefly these:

In September, 1931, the Bank of Tuskegee, a state banking corporation, having acquired charter power to operate a trust department, act as guardian, etc., under Code, § 6388, was appointed guardian of the estate of Mamie Donald and others, minors. The Maryland Casualty Company became surety on the…