 ... the measure of care and diligence required of a trustee is such as would be pursued by a man of ordinary prudence and skill in the management of his own estate.  Montgomery County Law Reporter - Page 185by Freeland Gotwalts Hobson, John Weiler Bickel, Abraham Hunsicker Hendricks, Albert Rosenberger Place, Nelson P. Fegley - 1893Full view - About this book
 | Law - 1894 - 250 pages
...Election, (Beaver QS) 24 Pittsburgh Legal Journal 76. Executors — Liability of — Investments. — The measure of care and diligence required of a trustee...joint duty it is cast upon the executors, and one cannot relieve himself from all responsibility by entrusting the whole duty to his co-executor. A direction... | |
 | Law reports, digests, etc - 1892 - 936 pages
...such circumstances, the trustee is responsible | for the amount of the deposit. As a general ¡ rule, the measure of care and diligence required ¡ of a...prudence and skill in the management of his own estate. Fahnestock's App. 104 Pa. 46. It is equally well settled, how- i ever, that a trustee who invests the... | |
 | Thaddeus Davis Kenneson - Trusts and trustees - 1911 - 648 pages
...under such circumstances, the trustee is responsible for the amount of the deposit. As a general rule, the measure of care and diligence required of a trustee...prudence and skill, in the management of his own estate. Fahnestock's Appeal, 104 Pa. 46. It is equally well settled, however, that a trustee who invests the... | |
 | California. Supreme Court - Law reports, digests, etc - 1911 - 972 pages
...measure of care and skill required of a guardian or similar trustee Is sur.li as would be exercised by a man of ordinary prudence and skill in the management of his own business. (Id.) 4. BULB AS TO TEMPORARY DEPOSIT OF TRUST FUNDS IN BANK FOR SAFE KEEPING — NECESSITY... | |
 | Law reports, digests, etc - 1913 - 1330 pages
...information in regard to the run came from such a source and under such circumstances as not to have caused _h m affairs to have drawn out the money. Re Seamans, 2 Lack Leg. News, 271. An administrator who, pending... | |
 | William Smithers Church - Probate law and practice - 1914 - 1000 pages
...and skill required of a guardian in the investment of his ward's funds is such as would be exercised by a man of ordinary prudence and skill in the management of his own business : Estate of Wood, 159 Cal. 466, 114 Pac. 992. The necessity of temporarily depositing trust... | |
 | Law - 1923 - 1116 pages
...property.13 The measure of care and diligence required of a guardian is such as would be exercised by a man of ordinary prudence and skill in the management of his own business.14 Whenever it appears for the best interest of the estate, 7. Hallinan v. Hearst, 133 Cal.... | |
 | Trust companies - 1925 - 924 pages
...according to the provisions of, and in the manner directed by, the deed of trust. As a general rule the measure of care and diligence required of a trustee...prudence and skill in the management of his own estate. Not being an insurer, he is not absolutely bound for the result of his actions, except when he departs... | |
 | United States. Congress. House. Committee on Ways and Means - Income tax - 1969 - 1432 pages
...recognized. If, for this purpose, the trustee selects a bank with the care and skill that would be exercised by a man of ordinary prudence and skill in the management of his own business, and so earmarks the deposit as to show its trust character, he is not responsible on failure... | |
 | United States. Congress. House. Committee on Ways and Means - Income tax - 1969 - 1504 pages
...recognized. If, for this purpose, the trustee selects a bank with the care and skill that would be exercised by a man of ordinary prudence and skill in the management of his own business, and so earmarks the deposit as to show its trust character, he is not responsible on failure... | |
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