Peddicord v. Missouri Pacific Railway Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “Unlike in a ‘true trust,’ the trustees of a nominee trust have no power, as such, to act in respect of the trust property but may only act at the direction of (in effect, as agents for) the beneficiaries.” (internal quotation marks omitted)

Source: CourtListener parenthetical corpus (CC0).