Willson v. Security-First National Bank

PETERS, J. pro tem.

— Plaintiff appeals from a judgment for defendant entered after general and special demurrers were sustained to the complaint without leave to amend.

It appears from the complaint that defendant bank was formerly trustee of a testamentary trust created in 1916 by the will of Calvin A. Willson, of which plaintiff, after June 15, 1926, was the sole beneficiary. It is alleged that defendant sold trust property for the sum of $10,000, which it invested in a participation certificate issued by it without securing a permit from the Commissioner of Corporations. The result is, in…