Rambo v. Pile

Citations

• 220 Pa. 235
• 69 A. 807
• 1908 Pa. LEXIS 760

Syllabus

<p>Trust and trustees — Banks and banking — Bank deposit in trust for another named — Intention—Evidence.</p> <p>Where a real estate dealer makes a deposit in a bank in his own name as a trustee for another person named, and he does this for his own convenience or advantage, intending to retain title to and power of disposing of the funds, and he carries out this intention by depositing in the account large sums of money belonging to himself and his customers, and withdrawing the same, and he continues to do this until after the person named as cestui que trust dies and until his own death, the representatives of such person have no title to the fund.</p>