Legal Opinion
First Nat. Bank of Birmingham v. Basham
Supreme Court of Alabama
Decided October 5, 1939No. 6 Div. 400PublishedCited by 23 opinions
1Opinion of the Court
BOULDIN, Justice.
Bill in equity by beneficiaries of an investment trust against the trustee for alleged breach of trust in connection with certain loans of the trust funds.
The appeal is from a final decree for complainants surcharging these investments, and restoring the funds to the trust estate in the hands of the trustee of the continuing trust.
The controlling facts, substantially outlined, are these:
Virginia E. Jones, a resident of Birmingham, by her will bequeathed her residuary estate to the First National Bank of Birmingham, as trustee, for the use of her daughter, Alberta E. Basham,…
2Cases cited33 opinions
- Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
- Michoud v. GirodSupreme Court of the United States · 1846
- Hodge v. JoySupreme Court of Alabama · 1921
- Barry v. . LambertNew York Court of Appeals · 1885
- Matter of Union Trust Co. (Hoffman Estate)New York Court of Appeals · 1916
28 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- First Ala. Bank of Montgomery, NA v. MartinSupreme Court of Alabama · 1983
- Belcher v. Birmingham Trust National BankDistrict Court, N.D. Alabama · 1968
- In Re Estate of BinderOhio Supreme Court · 1940
- Hutchings v. Louisville Trust CompanyCourt of Appeals of Kentucky (pre-1976) · 1954
- BBC Investment Company v. GinsbergSupreme Court of Alabama · 1966
18 more not listed; retrieve them via the Exa API.