Town Bank & Trust Co. v. Eaton

This litigation arose in the following circumstances. On August 5, 1966, Town Bank and Trust Company (Town) was named as an alleged trustee in an action brought by Sylvia Shockett (Shockett) by her then conservator, Louis Theran (Theron) against Charles A. Migdal (Migdal) and his wife, Myra. Town in its answer stated that it had funds of the Migdals in its possession in the amount of $3,757.45. Thereafter, Town brought this bill in equity interpleading Shockett by her conservator Theran, The First National Bank of Boston (First), The Boston Mutual Life Insurance Company (Boston), and The…