Legal Opinion
Helena v. First National Bank of Helena
Supreme Court of Arkansas
Decided March 7, 1927PublishedCited by 16 opinions
1Opinion of the Court
Hart, C. J.,
(after stating the facts). The general principle governing the bank’s liability is that the officers of the bank, who know that a fund on deposit is a trust fund, cannot appropriate tliat fund to the private benefit of the bank, or, where charged with notice of the conversion of the trustee, participate with him in appropriating it to his own use, without being liable to refund the money, if the appropriation is a breach of the trust. Allen v. Puritan Trust Co., 211 (Mass.) 409, 97 N. E. 916, L. R. A. 1915C, 518; and Blanton v. First National Bank of Forrest City, 136 Ark. 441,…
2Cases cited6 opinions
- National Bank v. Insurance Co.Supreme Court of the United States · 1881
- Bischoff v. . Yorkville BankNew York Court of Appeals · 1916
- Duckett v. National Mechanics' BankCourt of Appeals of Maryland · 1897
- Allen v. Puritan Trust Co.Massachusetts Supreme Judicial Court · 1912
- Whiting v. . Hudson Trust Co.New York Court of Appeals · 1923
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Pine Bluff National Bank v. KestersonSupreme Court of Arkansas · 1975
- New Amsterdam v. National NewarkNew Jersey Court of Chancery · 1934
- Maryland Casualty Co. v. City Nat. BankCourt of Appeals for the Sixth Circuit · 1928
- New Amsterdam Casualty Co. v. First Nat. Bank in Oklahoma CitySupreme Court of Oklahoma · 1930
- Columbia Land Co. v. EmpsonMichigan Supreme Court · 1943
11 more not listed; retrieve them via the Exa API.