Legal Opinion

Cable v. Iowa State Savings Bank

Supreme Court of Iowa

Decided October 24, 1922PublishedCited by 25 opinions

Appeal from Woodbury District Gowrt. — Miles W. Newby, Judge. This is an action in equity, to impress a trust upon funds which it is alleged were deposited in the defendant bank by the Ward Commission Company, as plaintiffs’ agents, to its own credit. The facts are fully stated in the opinion. There was a decree dismissing plaintiffs’ petition, and they appeal.—

1Per curiam

The material facts are not in dispute and, briefly summarized, are substantially as follows: 0'n or about July 3,1920, appellants consigned 46 head of steers to the Ward Commission Company, a corporation located, and engaged in the live stock commission business, at Sioux City, Iowa, for sale upon the market, with directions to remit the net proceeds derived therefrom to the Hudson State Bank, of Hudson, South Dakota, the point at which the shipment originated. The steers *395were sold to one Birmingham for $7,561.25, who gave his cheek for that amount to the Ward Commission Company, payable to…

2Cases cited20 opinions

  1. National Bank v. Insurance Co.Supreme Court of the United States · 1881
  2. Union Stock Yards Bank v. GillespieSupreme Court of the United States · 1890
  3. Allen v. Puritan Trust Co.Massachusetts Supreme Judicial Court · 1912
  4. Officer v. OfficerSupreme Court of Iowa · 1903
  5. Hewitt v. HayesMassachusetts Supreme Judicial Court · 1910

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3Cited by25 opinions

  1. Gillen v. Wakefield State BankMichigan Supreme Court · 1929
  2. Andrew v. State Bank of New HamptonSupreme Court of Iowa · 1928
  3. Glidden Admx. v. GuteliusSupreme Court of Florida · 1928
  4. Leach v. Farmers Savings BankSupreme Court of Iowa · 1927
  5. Commercial Nat. Bank of Independence v. Stockyards Loan Co.Court of Appeals for the Eighth Circuit · 1926

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