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Schuyler v. Littlefield, 232 U.S. 707 (1914)
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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.
Schuyler v. Littlefield, 232 U.S. 707 (1914)
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Schuyler v. Littlefield No. 213 Argued January 29, 1914 Decided March 23, 1914 232 U.S. 707
APPEAL FROM THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
Where one has deposited trust funds in his individual bank account and the mingled fund is at any time wholly depleted, the trust fund is thereby dissipated and cannot be treated as reappearing in sums subsequently deposited to the credit of the same account.
One seeking to charge a fund in the hands of a trustee for the benefit of all creditors as being the proceeds of his property and therefore a special trust fund for him, has the burden of proof, and if he is unable to identify the fund as representing the proceeds of his property, his claim must fail, as all doubt must be resolved in favor of the trustee, who represents all creditors.
193 F. 24 affirmed.
The facts, which involve determining the relative rights to the bank balance of a bankrupt stockbroker, of the trustee and of a customer whose securities the bankrupt had sold, are stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Schuyler v. Littlefield, 232 U.S. 707 (1914) in 232 U.S. 707 232 U.S. 708–232 U.S. 710. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=QMNCJ3ULWI5VFBQ.
MLA: U.S. Supreme Court. "Syllabus." Schuyler v. Littlefield, 232 U.S. 707 (1914), in 232 U.S. 707, pp. 232 U.S. 708–232 U.S. 710. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=QMNCJ3ULWI5VFBQ.
Harvard: U.S. Supreme Court, 'Syllabus' in Schuyler v. Littlefield, 232 U.S. 707 (1914). cited in 1914, 232 U.S. 707, pp.232 U.S. 708–232 U.S. 710. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=QMNCJ3ULWI5VFBQ.
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