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Eaton v. Boston Safe Deposit & Trust Co., 240 U.S. 427 (1916)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Eaton v. Boston Safe Deposit & Trust Co., 240 U.S. 427 (1916)
Eaton v. Boston Safe Deposit & Trust Company No. 466 Motion to dismiss or affirm submitted February 28, 1916 Decided March 13, 1916 240 U.S. 427
ERROR TO THE SUPREME COURT
OF THE STATE OF MASSACHUSETTS
Syllabus
Trust for life with income to be free from interference or control of creditors of the beneficiary are, in Massachusetts, valid and effective against creditors, and, under certain condition, against assignees in insolvency and trustees in bankruptcy.
The policy of the Bankruptcy Act is to respect state exemptions.
A trust fund established by a will, the whole of the income to be paid during life of the beneficiary with such portion of the principal as shall make the annual amount to be paid at least a stated sum, said income to be free from interference or control of creditors, held, in this case, following the decision of the highest court of Massachusetts, not to pass to the trustee in bankruptcy of the beneficiary under § 70a(5) of the Bankruptcy Act.
The facts, which involve the construction and application of § 70a(5) of the Bankruptcy Act and of the rights of the life tenant in a trust fund created under the laws of Massachusetts, are stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Eaton v. Boston Safe Deposit & Trust Co., 240 U.S. 427 (1916) in 240 U.S. 427 Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=I34TXV12ETQCCJ2.
MLA: U.S. Supreme Court. "Syllabus." Eaton v. Boston Safe Deposit & Trust Co., 240 U.S. 427 (1916), in 240 U.S. 427, Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=I34TXV12ETQCCJ2.
Harvard: U.S. Supreme Court, 'Syllabus' in Eaton v. Boston Safe Deposit & Trust Co., 240 U.S. 427 (1916). cited in 1916, 240 U.S. 427. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=I34TXV12ETQCCJ2.
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