Gregory v. Parker

Citations

• 87 Va. 451
• 12 S.E. 801
• 1891 Va. LEXIS 93

Syllabus

<p>1. Lunatics—Committee—Compensation.—Where committee of lunatic had custody of an undue registered TJ. S. bond, and collected only the interest, he is entitled to five per cent, commission on the interests and no more. ,</p> <p>2. Idem—Bints—Commissions.—From rents from prompt-paying tenants, mostly in possession when committee took charge, five per cent, is full compensation for his services.</p> <p>3. Idem—Deposits—Diability.—Where in good faith, using it only for fiduciary purposes, committee deposits lunatic's money in a bank he has reason to regard as solvent, and wherein he has no funds of his own, he is not liable for loss from failure of the bank.</p>