United States Seventh Circuit
U.S. Bank v. United Airlines, 05-1752, -1854
Where state law holds that a trustee-s duties and obligations are strictly defined by and limited to the terms of the underlying trust agreement, title to funds held in trust passes to a beneficiary under the terms of the agreement, and trustees lack unfettered discretion to disburse such funds held in trust.
Appellate Information
- Decided 02/13/2006
- Published 02/13/2006
Judges
Court
- United States Seventh Circuit