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BANK SHARES IN TRUST.

AUCKLAND, September 22. At the Supreme Court, in the case of the Officiul Assignee (acting for the Bank of New Zealand) v. O'Neill Bros., a claim of £1,978, calls for interest due to the Bank, Mr Justice Conolly held that the Assignee could not touch bank shares held in trust for others by a bankrupt, and judgment was giiren for defendants with costs. Iu the course of his judgment Mr Justice Conolly said that the Assignee could not claim more than O'Neill's estate realised. He was entitled to the shares which the two O'Neills held for themselves, but the other shares, held by them in trust, and for which the action was brought, could not be claimed by the Assignee, nor calls on them. " c

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https://paperspast.natlib.govt.nz/newspapers/ESD18970922.2.31

Bibliographic details

BANK SHARES IN TRUST., Issue 10426, 22 September 1897

Word Count
129

BANK SHARES IN TRUST. Issue 10426, 22 September 1897

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