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IN RE TRUST CREATED BY ANNEKE

No. 34,929.

229 Minn. 60 (1949)

IN RE TRUST CREATED BY PERCY S. ANNEKE. FIRST & AMERICAN NATIONAL BANK OF DULUTH, APPELLANT. MARGARET ANNEKE PERL AND OTHERS, RESPONDENTS.

Supreme Court of Minnesota.

June 17, 1949.

Attorney(s) appearing for the Case

Holmes, Mayall, Reavill & Neimeyer, for Appellant.

Fryberger, Fulton & boyle and John l. Gilmore, for respondents.

KNUTSON, Justice.

During the year 1922, Percy S. Anneke began discussions withthe officers of the then First National bank of Duluth respecting the matter of creating a living trust for the benefit of his daughter, Margaret Anneke Perl. At that time, the bank conducted a bond department and through it dealt in securities. Prior to that time, Mr. Anneke had been a regular customer of the bank and had purchased securities through its bond department. After some correspondence...

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