Guarantee Trust & Safe Deposit Co. v. Scott

Citations

• 199 Pa. 471
• 49 A. 226
• 1901 Pa. LEXIS 638

Syllabus

<p>Trust and trustees—Appointment of trustee—Act of June 14, 1836.</p> <p>Where the several owners of an undivided interest in real estate convey the land by deed to a person who is the president of a trust company in trust to collect the income and apply it to the payment of debts, and after debts are paid to reconvey it to the owners, and subsequently certain of the owners mortgage their interest to the trust company, and thereafter the trustee dies, the trust company has a standing to petition the court under the act of June 14, 1836, to have a trustee appointed to fill the vacancy.</p>