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FIRST NATIONAL BANK OF ARIZONA v. TAYLOR

No. 2 CA-CIV 322.

5 Ariz. App. 327 (1967)

426 P.2d 663

FIRST NATIONAL BANK OF ARIZONA, a National Banking Association, and Nicholas Neal Siciliano, Larry Ray Lawrence, Celia Faith Ford, Raymond Matthew Ford and William Clayton Ford, Minors, and All Unborn Children of the Plaintiffs, Appellants, v. Rosemary Davison TAYLOR, Margaret Davison Lawrence and Penny Davison Ford, Appellees.

Court of Appeals of Arizona.

Rehearing Denied May 16, 1967.

Attorney(s) appearing for the Case

Wood & Platt, by George Wood, Coolidge, and Tom Fulbright, Florence, for appellants.

Laney, Randolph, Warner & Angle, by Lynn M. Laney, Sr., Phoenix, for appellees.

Rehearing Denied May 16, 1967. See 5 Ariz.App. 422, 427 P.2d 556.

MOLLOY, Judge.

This appeal requires judicial interpretation for the first time of an unusual code provision which has been a part of our law since at least 1901. The section, as it appears in our 1956 code, reads as follows:

"§ 14-104. Spendthrift trust; creation; termination "A. When a person...

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