Butterworth v. Mississippi Valley Trust Co.

In their action for accounting of the proceeds collected on a life insurance policy ($100,207.18) plaintiffs-appellants, Frances H. Butterworth and M. E. Turner, have appealed from the decree entered below after a trial, wherein the chancellor entered judgment in favor of the defendants and dismissed plaintiff’s petition with prejudice. Plaintiffs are co-trustees, and, with the Mississippi Valley Trust Company (hereinafter called “the Trust Company”), are all the trustees under a written instrument of trust executed December 9, 1939, by Asa C. Butterworth for the benefit of Frances IT.…