Ralls County Mutual Insurance Co. v. RCS Bank
Missouri Court of Appeals
1Opinion of the Court
ROBERT G. DOWD, JR., Judge.
RCS Bank i/k/a Ralls County State Bank (“Bank”) appeals from the judgment entered in favor of Ralls County Mutual Insurance Company (“Insurance Company”) imposing a constructive trust in the amount of $126,789.63. We reverse.
Insurance Company is a county mutual insurance company providing casualty and liability insurance located in Center, Missouri. Ted Summers (“Summers”) acted as secretary/treasurer of Insurance Company and managed its day to day operations. In 1998, Summers was elected to Insurance Company’s board of directors. Summers served on Insurance…
2Cases cited7 opinions
- Murphy v. CarronSupreme Court of Missouri · 1976
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- Schultz v. SchultzSupreme Court of Missouri · 1982
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- Kerber v. RoweSupreme Court of Missouri · 1941
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