Waldron v. Commerce Union Bank

OPINION

LEWIS, Judge.

This is an appeal by plaintiffs-appellants, Abbie P. Waldron and Phoebe P. Davis, Co-Conservators of Phoebe T. Peay, from the dismissal of their suit against defendant-appellee, Commerce Union Bank.

We adopt the first 16 paragraphs of the Chancellor’s excellent memorandum which succinctly set out the facts:

“In this case the conservators of Phoebe T. Peay, an incompetent, have sued Commerce Union Bank contending that the bank is liable for releasing the corpus of a trust to Mrs. Peay. The bank contends that since Mrs. Peay was both the grantor and the beneficiary, she had…