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KATERNDAHL v. TITLE INS. & TRUST CO.

No. Z-36.

4 F.Supp. 552 (1933)

KATERNDAHL et al. v. TITLE INS. & TRUST CO. et al.

District Court, S. D. California, Central Division.

March 10, 1933.

Attorney(s) appearing for the Case

R. W. Katerndahl, of Los Angeles, Cal., for plaintiff.

Arch H. Vernon, of Los Angeles, Cal., for defendant Title Ins. & Trust Co., trustee.

Willcox & Judson, of Los Angeles, Cal., for defendant Leslie S. Bowden, receiver in bankruptcy.

JAMES, District Judge.

National Thrift Corporation, now a bankrupt, conducted a business of marketing securities of its own which it sold under the various names of "thrift certificates, bonds, annuities, and contracts." It appointed, by an instrument in writing, Title Insurance & Trust Company, as trustee to hold securities to be deposited by it, for the protection and liquidation of the obligations referred to. The instrument was lengthy and the obligation of...

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