Legal Opinion
Burkhalter v. Peoples Bank
Supreme Court of Georgia
Decided September 26, 1932No. 8700PublishedCited by 15 opinions
1Per curiam
1. “As a general rule, a bank may assume that a trustee will apply money deposited by him to its proper purposes under the trust, and is not accountable for any misappropriation of trust funds in which it does not participate; but a bank can not, without incurring liability to the true owner, knowingly appropriate to the satisfaction of a debt due to it by another trust funds deposited with it by him after the creation of such debt.” American Trust &c. Co. v. Boone, 102 Ga. 202 (29 S. E. 182, 40 L. R. A. 250, 66 Am. St. R. 167); Miller v. Gibbs, 161 Ga. 698 (5) (132 S. E. 626).
2. “All persons…
2Cases cited8 opinions
- American Trust & Banking Co. v. BooneSupreme Court of Georgia · 1897
- Willingham, Wright & Covington v. GloverCourt of Appeals of Georgia · 1922
- Ray v. PitmanSupreme Court of Georgia · 1904
- Hunt v. DoyalSupreme Court of Georgia · 1907
- Smith v. SmithSupreme Court of Georgia · 1914
3 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Grant v. HartSupreme Court of Georgia · 1941
- Georgia Railroad Bank & Trust Co. v. Liberty National Bank & Trust Co.Supreme Court of Georgia · 1934
- Harrison v. HolsenbeckSupreme Court of Georgia · 1951
- National Factor & Investment Corp. v. State BankSupreme Court of Georgia · 1968
- Burkhalter v. Glennville BankSupreme Court of Georgia · 1937
10 more not listed; retrieve them via the Exa API.