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THIRD NAT. BANK IN NASHVILLE v. NASHVILLE TRUST CO.

232 S.W.2d 7 (1950)

THIRD NAT. BANK IN NASHVILLE et al. v. NASHVILLE TRUST CO. et al.

Supreme Court of Tennessee.

July 15, 1950.

Attorney(s) appearing for the Case

Charles L. Cornelius, W. Ovid Collins, Jr., K. Harlan Dodson, Jr., all of Nashville, for appellant.

Bass, Berry & Sims, F. A. Berry, Jr., all of Nashville, for appellees.

GAILOR, Justice.

The bill in this cause was filed by the Third National Bank in Nashville, as substitute trustee, against the Nashville Trust Company, on the charge that by investing trust funds in bonds of the International Match Company and the Missouri Pacific Railway, the defendant, during its term and tenure as trustee, had been guilty of a technical breach of trust by investment in ineligible securities. The defendant resigned as trustee and was formally discharged...

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