Carrillo v. McPhillips

Citations

• 55 Cal. 130

Syllabus

<p>Guardian—Trust Fund—Trustee — Promissory Note—Action for Personal Property.—A promissory note was made to G. “ or order, for the benefit” of certain minors, and was by him indorsed and delivered to the plaintiff, (the mother of the minors) and by her indorsed and delivered to the defendant, as a pledge to secure a debt of her own. Afterward the plaintiff was appointed guardian of the minors, and brought this action to recover the note or its value. Held, that the plaintiff, as guardian of the beneficiaries, was entitled to the possession of the note, and could maintain the action.</p>