Yeldell v. People's Bank

Citations

• 118 S.C. 442
• 110 S.E. 789

Syllabus

<p>Banks and Banking—Securities Turned Over to Bank for Collection Impressed With Trust in Hands of Trustees of Bank on Insolvency.—Securities turned over to a bank for collection are impressed with a trust in the hands of trustees subsequently appointed when the bank became financially involved, so far as they can be traced; but it matters not in what form, different from the original form, the securities may be in, so long as they can be ascertained to be the property intrusted, and the right ceases only when the means of ascertainment fail, or the property has come into the hands of a bona fide purchaser for value and without notice.</p>