Julia H. Glidden as Administratrix With the Will Annexed of the Estate of Fred A. Glidden, Deceased, Appellant, v…

Summary

The Supreme Court of Florida reversed the trial court's demurrer, holding that trust funds need not be individually identified before recovery, that commingled trust funds are presumed to belong to the trust rather than the trustee when disbursed, that securities purchased with commingled funds are presumed to be impressed with the trust to the extent of the trust portion, and that trust obligations of an insolvent bank are satisfied from cash and such securities, with any surplus distributed to creditors.