Krieger v. Bissell
Court of Appeals of Kentucky
Case 60 — EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. Appellee is a mere trustee, and the beneficiaries who hold the bonds, secured by the trust deed to appellee are not before the court in jmy way. The deed itself shows that the grantor is trustee oiily, and the ■ purchaser is bound to take notice of the nature and character of the trust.
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Case 60 — EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. Appellee is a mere trustee, and the beneficiaries who hold the bonds, secured by the trust deed to appellee are not before the court in jmy way. The deed itself shows that the grantor is trustee oiily, and the ■ purchaser is bound to take notice of the nature and character of the trust. (Bardstown & Louisville B. B. Co. v. Metcalfe, 4 Metcalfe,. 199; Gill v. Logan, 11 B. Mon.; Prather v. Weisinger, 10 Bush, 117;: Newport & Cin. Bridge Co. v. Douglass, 12 Bush, 719.) ' ■ 1. The suit was properly brought, and inasmuch as appellee is…
1Opinion of the Court
JUDGE PBYOB
delivered the opinion of the court.
In the year 1872 Suit and Giles conveyed to the appellee,. George P. Bissell, the real estate purchased by the appellant-to secure the payment of sixty-five bonds, of one thousand.' dollars each, with coupons attached, the conveyance containing 'a stipulation that all of the bonds might be matured,' at the election of the holder or holders of any of said bonds,. *331in case of default in payment of the coupons, where the-default continued for thirty days. This conveyance was-made to Bissell as trustee for the benefit of the parties who. might hold or…
2Cited by4 opinions
- Black v. Elkhorn Coal CorporationCourt of Appeals of Kentucky (pre-1976) · 1930
- Sansom v. Ayer & Lord Tie Co.Court of Appeals of Kentucky · 1911
- Krieger v. Title Insurance & TrustCourt of Appeals of Kentucky (pre-1976) · 1935
- Harkins v. BrownCourt of Appeals of Kentucky · 1919