State v. Washburn
Supreme Court of Connecticut
Spit on a probate bond given for the faithful discharge by the defendant Washburn, of bis duties as conservator of the estate of one Richard D. Rose; brought to the Superior Court in Tolland County where the case was, by agreement of the parties, referred to the Hon. Dwight Loomis, State Referee, to find and report the facts.
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Spit on a probate bond given for the faithful discharge by the defendant Washburn, of bis duties as conservator of the estate of one Richard D. Rose; brought to the Superior Court in Tolland County where the case was, by agreement of the parties, referred to the Hon. Dwight Loomis, State Referee, to find and report the facts. The court, Prentice, J., accepted the report of the State Referee and, with consent of the parties, reserved the questions of law arising thereon for the consideration and advice of this court. The pleadings admitted the execution of the bond, and that the defendant…
1Opinion of the CourtHamersley, J.
The State Referee finds that the defendant did not use ordinary and reasonable care and discretion in the purchase of the Barton bonds, if it was “ the legal duty of the defendant Washburn, as conservator, under the circumstances herein found, to make further inquiry of other persons than Bingham (from whom the purchase was made), relative to the securities for the investment.”
There is no rule of law prescribing the sources of information a trustee must exhaust before investing his trust funds ; it is possible his legal duty may be performed by inquiring of a single person, even if that…
2Cases cited5 opinions
- DickinsonMassachusetts Supreme Judicial Court · 1890
- Norton v. StrongSupreme Court of Connecticut · 1814
- Clark v. BeersSupreme Court of Connecticut · 1891
- Palmer v. CheseboroSupreme Court of Connecticut · 1886
- Treat v. PeckSupreme Court of Connecticut · 1824
3Cited by6 opinions
- Stempel v. Middletown Trust Co.Supreme Court of Connecticut · 1940
- Cobb v. . FountainSupreme Court of North Carolina · 1924
- Smith v. Bank of New EnglandSupreme Court of New Hampshire · 1903
- McAuliffe v. CarlsonDistrict Court, D. Connecticut · 1975
- Town of Hamden v. American Surety Co.District Court, D. Connecticut · 1935
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