Josephine Bischoff, as Administratrix With the Will Annexed of Josephine F. Schneider, Deceased, Respondent, v…

Summary

The New York Court of Appeals held that a bank that receives trust‑fund checks and credits them to a fiduciary's personal account is liable for the amounts deposited after the bank had actual notice of the fiduciary's misappropriation, but not for amounts deposited before such notice.