Lannan v. Walter
Massachusetts Supreme Judicial Court
Trustee process. Writ dated November 15, 1886. The Globe National Bank, summoned as trustee, filed an answer on October 1, 1887, which alleged, in substance, that on November 15, 1886, the date of the service of the writ upon the trustee, there was deposited with it, to the credit of the defendants, who were among its depositors, the sum of $927.10, and that the trustee had in its hands and possession no other goods, effects, or credits belonging to the defendants or either…
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Trustee process. Writ dated November 15, 1886. The Globe National Bank, summoned as trustee, filed an answer on October 1, 1887, which alleged, in substance, that on November 15, 1886, the date of the service of the writ upon the trustee, there was deposited with it, to the credit of the defendants, who were among its depositors, the sum of $927.10, and that the trustee had in its hands and possession no other goods, effects, or credits belonging to the defendants or either of them; that at the time of such service the trustee was, and has continued to be, the' holder and owner of three…
1Opinion of the CourtField, J.
The answer of the trustee on which it was discharged is, in effect, that at the time of the service of process it had in its deposits to the credit of the defendants $927.10, and that at the same time it held three promissory notes which it had discounted for the benefit of the defendants, and on which they were indorsers; that since said service these notes have all matured; that the liability of the indorsers has been made absolute by due demand and notice; and that the makers and indorsers have all become insolvent, and the notes remain in its hands wholly unpaid, except that a small sum…
2Cases cited2 opinions
- Eddy v. O'HaraMassachusetts Supreme Judicial Court · 1882
- Nickerson v. ChaseMassachusetts Supreme Judicial Court · 1877
3Cited by17 opinions
- North Chicago Rolling Mill Co. v. St. Louis Ore & Steel Co.Supreme Court of the United States · 1894
- Aarons v. Pub. Ser. B. L. Assn.Supreme Court of Pennsylvania · 1935
- Aarons v. Public Service Building & Loan Ass'nSupreme Court of Pennsylvania · 1935
- Messall v. Suburban Trust Co.Court of Appeals of Maryland · 1966
- Wunderlich v. Merchants National BankSupreme Court of Minnesota · 1910
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