Legal Opinion
Duport v. First National Bank of Glens Falls
New York Court of Appeals
Decided June 4, 1942PublishedCited by 4 opinions
1Opinion of the Court
Lehman, Ch. J.
The plaintiffs are beneficiaries of two trusts established under the will of their father, George H. Parks, who died on July 1,1917. The testator named his wife, Grace M. Parks, as trustee. She appropriated bonds in which the trust funds were invested and pledged them, together with securities which were her personal property, as collateral security for loans made to her by the defendant First National Bank of Glens Falls, N. Y. In February, 1935, long after the bank had notice that part of the securities pledged with it as collateral had been wrongfully appropriated by the…
2Cases cited5 opinions
- Sowell v. Federal Reserve Bank of DallasSupreme Court of the United States · 1925
- Farmers' Loan Trust Co. v. . KipNew York Court of Appeals · 1908
- Smith v. . SavinNew York Court of Appeals · 1894
- Farwell v. Importers & Traders' National Bank of New YorkNew York Court of Appeals · 1882
- Womans Hospital v. Sixty-Seventh Street Realty Co.New York Court of Appeals · 1934
3Cited by4 opinions
- Fehr Bros. v. ScheinmanAppellate Division of the Supreme Court of the State of New York · 1986
- In Re Elmwood Farms, Inc.United States Bankruptcy Court, S.D. New York · 1983
- In re the Estate of SteinNew York Surrogate's Court · 1960
- Ross v. Worth Electric Supply Co.Civil Court of the City of New York · 1979