Conn. River Savings Bank v. Albee
Supreme Court of Vermont
Bill of interpleader. Heard upon the pleadings and master’s report at the September term, 1891. . Rowell, chancellor, decreed that the orator be dismissed with its costs upon payment of the fund into court; that the fund belonged to the defendant, Charles P. Albee, and that he recover his costs of the defendant, Henry C. Lane. The defendant Lane appeals. The orator is a savings bank located in Charlestown in the State of New Hampshire.
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Bill of interpleader. Heard upon the pleadings and master’s report at the September term, 1891. . Rowell, chancellor, decreed that the orator be dismissed with its costs upon payment of the fund into court; that the fund belonged to the defendant, Charles P. Albee, and that he recover his costs of the defendant, Henry C. Lane. The defendant Lane appeals. The orator is a savings bank located in Charlestown in the State of New Hampshire. In 1878 Samuel Albee, residing in Rockingham in the State of Vermont, had on deposit in said savings bank, something more than $3,000. On the 6th day of…
1Opinion of the Court
The opinion of the court was delivered by
THOMPSON, J.
1. A completed trust, although voluntary,, is valid and may be enforced in equity. It is not essential to its validity that the beneficiary should have had notice of its creation *575or have assented to it. The owner and donor of personal property may create a perfect, or complete trust, by his unequivocal declaration in writing or by parol, that he himself holds such property in trust for the purposes named. The trust is equally valid whether he constitutes himself, or another person, the trustee. “ He need not in express terms declare himself…
2Cases cited22 opinions
- Martin v. . FunkNew York Court of Appeals · 1878
- Young v. . YoungNew York Court of Appeals · 1880
- Taylor v. HenryCourt of Appeals of Maryland · 1878
- Gerrish v. New Bedford Institution for SavingsMassachusetts Supreme Judicial Court · 1880
- Minor v. RogersSupreme Court of Connecticut · 1873
17 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Eschen v. SteersCourt of Appeals for the Eighth Circuit · 1926
- Little v. LittleSupreme Court of Vermont · 1964
- Modern Woodmen of America v. HeadleSupreme Court of Vermont · 1914
- Bath Savings Institution v. HathornSupreme Judicial Court of Maine · 1895
- Dieter v. ScottSupreme Court of Vermont · 1939
26 more not listed; retrieve them via the Exa API.