Wannamaker v. South Carolina State Bank

The opinion of the Court was delivered by

Mr. Justice Bonham.

W. W. Wannamaker, late of Calhoun County, by his will created a trust fund of which the Home Bank of St. Matthews was made trustee; when this bank suspended and ceased to operate, the South Carolina State Bank was substituted as trustee. By the terms of the trust, the proceeds arising from the trust funds shall be annually divided among his children during their lifetime, and at the death of the last of them, the corpus of the estate to be divided among the children of the life tenants.

The purpose of this action is to procure the…