Kohr's Estate v. Boardman

MR. JUSTICE METCALF:

On July 20, 1915 Augusta Kohrs transferred to the Union Bank and Trust Company of Helena, Montana, 1,500 shares of capital stock of Conrad Kohrs Company, a Montana corporation, in trust for the purposes and under the conditions outlined and declared in the instrument of transfer thereof.

The Union Bank & Trust Company accepted the transfer of the stock and the trust imposed upon it in the trust agreement.

The trust agreement provided that the shares of stock were transferred to the trustee in trust for the following uses, trusts and purposes:

“In trust, to hold the legal…