Majority
Headnote
1. Limitations—Recovery op Trust Fund.This action is to recover the sum of $2,400, alleged to have been deposited in a savings bank by Benson Sherwood in trust for the plaintiff, which amount was thereafter drawn by the trustee and paid to some person other than the plaintiff. The jury found that there was an irrevocable trust made by the depositor in favor of the plaintiff; and the only question for determination is whether the contention of the defendants, who are the executors of the executrix of the decedent, that the claim is barred by the statute of limitations, is correct. The three-years limitation (Code, § 383, subd. 4) is inapplicable. A recovery is sought for money had and received by the trustee, and not for damages for taking, detaining, or injuring plaintiff’s personal property. Fowler v. Bank, 113 N. Y. 455 , 21 N. E. 172 , 4 L. R.
Motion denied.
Cases cited
- Goodwin v. Griffis 88 N. Y. 629 p. 593
- Hall v. Brennan 140 N. Y. 409 p. 593
- Riley v. Riley 141 N. Y. 409 p. 593
- Adams v. Fassett 149 N. Y. 61 p. 593