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HANSON v. FIRST STATE BANK

46715, 46728.

259 Ga. 710 (1989)

385 S.E.2d 266

HANSON et al. v. FIRST STATE BANK & TRUST COMPANY; and vice versa.

Supreme Court of Georgia.

Reconsiderations Denied November 30, 1989. And December 20, 1989.

Attorney(s) appearing for the Case

Alston & Bird, Jay D. Bennett, for appellants.

Perry, Walters & Lippitt, H. Holcombe Perry, Jr., Hatcher, Stubbs, Land, Hollis & Rothschild, Albert W. Stubbs, for appellee.

Long, Aldridge & Norman, W. Stell Huie, amicus curiae.

WELTNER, Justice.

This case concerns a longstanding dispute between the beneficiaries under a trust and the trustee bank.

Factual Background

1. (a) Under the will of Marjorie Haley Scherberger, the First State Bank & Trust Company was appointed executor and trustee of trusts created for each of her four children. At the time of her death in 1971, her father's estate had been distributed. Her brother, Herbert Haley, managed a partnership formed...

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