Savings Bank of Danbury v. Loewe

Citations

• 242 U.S. 357
• 37 S. Ct. 172
• 61 L. Ed. 360
• 1917 U.S. LEXIS 2195

Syllabus

<p>Under the statutes of Connecticut, a garnishment of deposits in an ordinary savings bank without stockholders which is subject to a fiduciary, duty to hold and invest for the benefit of its depositors all funds that it-receives and to pay over to them the net income beyond enough to constitute a small safety fund, Gen. Stats., §§ 3440, 3441, reaches not only the principal of the deposits but also the dividends that accrue after service of the writ.</p> <p>The lien is not affected by an assignment of the savings accounts made after the service.</p>