Ephraim v. Metropolitan Trust Co.

28 Cal.2d 824 (1946)

WALTER K. EPHRAIM et al., Appellants,

v.

METROPOLITAN TRUST COMPANY OF CALIFORNIA (a Corporation) et al., Respondents.

Sac. No. 5677.

Supreme Court of California. In Bank.

Sept. 11, 1946.

John J. Redhead for Appellants.

William H. B. Haymond, F. W. Audrain and Thomas Maul for Respondents.

Herbert E. White as Amicus Curiae on behalf of Respondents.

EDMONDS, J.

In 1927, the owners of certain real property in the county of El Dorado conveyed it to Metropolitan Trust Company of California. Three years later, the parties executed a declaration of trust reciting that the trust company…