Central Natl. Bank, Sav. Tr. Co. v. Gilchrist

John Gilchrist et al are the duly appointed testamentary trustees of Joseph Gilchrist, who died in May 1919 leaving a will, under which the residue of his estate after paying debts and prior charges, was to be turned over to said trustees. Said trustees were also nominated executors of the estate.

The Central National Bank Savings & Trust Co. was trustee of the property and assets of Frank Hart, as an individual, and Hart & Co., said trust being created for the purpose of preserving, liquidating and adjusting the indebtedness of Hart and Hart & Co.

In 1907, Joseph Gilchrist loaned Hart & Co.…