Fournie v. Shepard

Citations

• 15 Wash. 94
• 45 P. 638
• 1896 Wash. LEXIS 143

Syllabus

<p>TRUSTS — CREATION AND EXTINGUISHMENT.</p> <p>Where a voluntary association has been formed, known as the Fishermen’s Union, for the purpose of maintaining the price of fish, which were to be sold through a committee, moneys advanced for the fish by a purchaser do not become the joint property of the members of the union to be held in trust for distribution among them.</p> <p>Where money of an association, held in trust by one member thereof, has been paid out to another party, its trust character is, in the absence of fraud, thereby lost, and cannot be enforced as against such third party.</p>