Legal Opinion
Shriners Hospitals for Crippled Children v. Gardiner
Court of Appeals of Arizona
Decided May 15, 1986No. 1 CA-CIV 7536PublishedCited by 4 opinions
1Opinion of the Court
MEYERSON, Judge.
May a trustee completely delegate her power to manage and invest trust assets? This is the important question presented in this appeal. As explained herein, we hold that trustee Mary Jane Gardiner breached her fiduciary obligations by delegating investment power to a third party.
I. FACTS
Appellant Shriners Hospitals For Crippled Children (Hospital) appeals from the trial court’s order denying a surcharge of *521appellee Mary Jane Gardiner, and approving appointment of Robert Gardiner as new trustee of the Laurabel Gardiner Trust (Trust). This appeal has its genesis in the Trust…
2Cases cited17 opinions
- Morrissey v. CurranCourt of Appeals for the Second Circuit · 1981
- Powers v. AshtonCalifornia Court of Appeal · 1975
- Guthrie's EstateSupreme Court of Pennsylvania · 1935
- Estate of StetsonSupreme Court of Pennsylvania · 1975
- In Re Will of HartzellAppellate Court of Illinois · 1963
12 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Whitfield v. LindemannCourt of Appeals for the Fifth Circuit · 1988
- Whitfield v. LindemannCourt of Appeals for the Fifth Circuit · 1988
- Shriners Hospitals for Crippled Children v. GardinerArizona Supreme Court · 1987
- Shriners Hospitals for Crippled Children v. GardinerCourt of Appeals of Arizona · 1986