American Bonding Co. v. Fourth Nat. Bank
Supreme Court of Alabama
Appeal from Circuit Court, Montgomery County; Walter B. Jones, Judge. Bill by the American Bonding Company of Baltimore against the Fourth National Bank of Montgomery for subrogation and to hold the said Bank as trustee for certain funds. From a decree, sustaining demurrers to the bill, complainant appeals.
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Appeal from Circuit Court, Montgomery County; Walter B. Jones, Judge. Bill by the American Bonding Company of Baltimore against the Fourth National Bank of Montgomery for subrogation and to hold the said Bank as trustee for certain funds. From a decree, sustaining demurrers to the bill, complainant appeals. Paragraph 8% of the amended complaint follows: “And the complainant avers that the said Estelle Manegold (Beaven) was a minor when said funds belonging to her said estate were misappropriated by the said George Manegold and paid to the said Fonrth National Bank of Montgomery as aforesaid;…
1Opinion of the CourtGardner, J.
The bill in this cause is filed by the American Bonding Company against the Fourth National Bank, seeking to hold the bank accountable as trustee of certain funds of one Estelle Manegold, alleged to have been received by the bank from the guardian of said Estelle Manegold with knowiedge of the trust character thereof, and alleging an active participation by the bank in the conversion of said funds by the guardian in the payment of an individual debt of the guardian to the bank. The American Bonding Company, as surety upon the bond of said guardian, was forced to make good the shortage of the…
2Cases cited12 opinions
- Rosenthal v. WalkerSupreme Court of the United States · 1884
- Underhill v. Mobile Fire Department InsuranceSupreme Court of Alabama · 1880
- Lee v. LeeSupreme Court of Alabama · 1880
- Van Ingin v. DuffinSupreme Court of Alabama · 1909
- Wolffe v. StateSupreme Court of Alabama · 1885
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3Cited by19 opinions
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