National Bank v. Emerson

Mr. Presiding Justice Burke

delivered the opinion of the court.

Harry Thomas' Moyer and Minnie B. Moyer were married for many years prior to March 29,1929. They had no children. He owned and operated a drug store in Chicago. She was not employed. On March 29, 1929, Carl J. Stenfelt, Anna A. Stenfelt and the Moyers created a land trust under an agreement with the Austin State Bank, as trustee. The beneficial interest in the trust was evenly divided between the' Stenfelts and the Moyers as joint tenants. Glen H. Tyrell, secretary and trust officer of the Austin State Bank, who signed the trust…