Schuyler v. Littlefield
Citations
- 232 U.S. 707
- 34 S. Ct. 466
- 58 L. Ed. 806
- 1914 U.S. LEXIS 1300
Syllabus
<p>Where one has deposited trust funds in his individual bank account and the mingled fundus at any time wholly depleted, the trust fund is thereby dissipated and cannot be treated as reappearing in sums subsequently deposited to the credit of the same account.</p> <p>One seeking to charge a fund in the hands of a trustee for the benefit of all creditors as being the proceeds of his property.and therefore a special trust fund for him, has the burden of proof; and-if he is unable to identify the fund as representing the proceeds of his property, his claim must fail as all doubt must be resolved in favor of the trustee who represents all creditors.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- “[W]here one has deposited trust funds in his individual bank account, and the mingled fund is at any time wholly depleted, the trust fund is thereby dissipated, and cannot be treated as reappearing in sums subsequently deposited to the credit of the same account.”
- “where one has deposited trust funds in his individual bank account, and the mingled fund is at any time wholly depleted, the trust fund is thereby dissipated, and cannot be treated as reappearing in sums subsequently deposited to the credit of the same account”
Source: CourtListener parenthetical corpus (CC0).
Judges: Lamar
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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