Traders' Bank v. Fraser
Michigan Supreme Court
Appeal from St. Clair; Tappan, J. Bill by the Traders’ Bank of Canada against Margaret Fraser and the First National Exchange Bank of Port Huron to enjoin the dissipation of an alleged trust fund. From an order overruling a demurrer, defendant Fraser appeals.
1Opinion of the CourtMoore, J.
Complainant filed its bill of complaint, which, after the formal part, averred in substance that November 1, 190?, William A. Fraser of Port Huron deposited in its branch bank at Embro, Ontario, $1,606, for which a passbook was issued to him; that November 19, 1907, Margaret Fraser presented to the cashier of said bank said passbook and obtained the full amount of said deposit, $1,500 of which she deposited on the 23d of November in a bank at Sarnia; that December 7, 1907, she withdrew $1,490 of said money and deposited the same in defendant bank, December 10, 1907, “where she ¿has kept the…
2Cases cited1 opinion
- H. Stern, Jr., & Bros. v. WingMichigan Supreme Court · 1904