Legal Opinion

Deal v. Wachovia Bank & Trust Co.

Supreme Court of North Carolina

Decided November 20, 1940PublishedCited by 11 opinions

1Opinion of the Court

WiNBOBN®, J.

The challenge of appellants to the judgment below is untenable.

The trust in question is active, and not passive. In cases of passive trusts the legal and equitable titles are merged into the beneficiary and the beneficial use is converted into legal ownership. But this is not true as to active trusts. Fisher v. Fisher, ante, 42, 6 S. E. (2d), 812, and cases cited.

If a special duty be imposed upon the trustee, such, for example, as the collection and application of the income or the rents and profits of the estate, the trust is active, because the trustee must have the legal title…

2Cases cited15 opinions

  1. Heyer v. BulluckSupreme Court of North Carolina · 1936
  2. Heyer v. . BulluckSupreme Court of North Carolina · 1936
  3. Reynolds Ex Rel. Cannon v. ReynoldsSupreme Court of North Carolina · 1935
  4. Beard v. Sovereign Lodge of Woodmen of the WorldSupreme Court of North Carolina · 1922
  5. Graham v. . FloydSupreme Court of North Carolina · 1938

10 more not listed; retrieve them via the Exa API.

3Cited by11 opinions

  1. St. Louis Union Trust Company v. ConantSupreme Court of Missouri · 1973
  2. Wachovia Bank & Trust Company v. BuchanSupreme Court of North Carolina · 1962
  3. Murphy v. SmithSupreme Court of North Carolina · 1952
  4. Van Winkle v. . BergerSupreme Court of North Carolina · 1948
  5. Duffy v. . DuffySupreme Court of North Carolina · 1942

6 more not listed; retrieve them via the Exa API.

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