Legal Opinion
First Nat. Bank of St. Petersburg v. Solomon
Court of Appeals for the Fifth Circuit
Decided March 24, 1933No. 6653PublishedCited by 5 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
On March 17, 1928, appellee, a widow, without experience in investing money, lodged with appellant as a compensated trustee to invest for her $8,000 of funds which had been left ber by her husband. The purpose clause of the trust instrument recited that the funds had been received “to invest, re-invest, loan and re-loan said trust funds on any securities, properties and investments permissible by law for investment of trust funds, and upon such terms and conditions which said trustee may deem to be for the best interests of tbis trust. Said trustee to use reasonable…
2Cases cited5 opinions
- Mattocks v. MoultonSupreme Judicial Court of Maine · 1892
- Parkerson v. BorstCourt of Appeals for the Fifth Circuit · 1920
- New Haven Trust Co., Rec. v. DohertySupreme Court of Connecticut · 1903
- Snyder v. ParmaleeSupreme Court of Vermont · 1908
- Parkerson v. BorstCourt of Appeals for the Fifth Circuit · 1918
3Cited by5 opinions
- Maryland Casualty Co. v. American Trust Co.Court of Appeals for the Fifth Circuit · 1934
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. BocockDistrict Court, S.D. Texas · 1965
- Barker v. First Nat. Bank of BirminghamDistrict Court, N.D. Alabama · 1937
- Thruston v. Nashville & American Trust Co.District Court, M.D. Tennessee · 1940
- Maryland Casualty Co. v. American Trust Co.Court of Appeals for the Fifth Circuit · 1934