Case ID: ohio-law-abs_13/html/0327-01.html
Source: Caselaw Access Project
Author: {"author": "LLOYD, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

GARDINER v FULTON
    Ohio Appeals, 6th Dist, Lucas Co
    No 2735.
    Decided Dec 19, 1932
    
      Kirkbride, Boesel, Frease & Cole, Toledo, for plaintiff.
    Gilbert Bettman, Attorney General, Columbus, Brown & Sanger, Toledo, and S. M. Douglas, Toledo, for defendant.
   LLOYD, J.

The admitted facts stated in the pleadings disclose that the rentals received by The Ohio Savings Bank & Trust Company were received for a specific purpose and by the terms of their receipt it was expressly agreed that distribution of the rentals should be made to those for whom received and to whom payable.

Our opinion is that by no manipulation of the bank, either by commingling the rentals with other funds, or by otherwise using the same, could the trust imposed by the agreement be divested and the relationship created thereby be converted into that of mere debtor and creditor. Our conclusion, threfore, is that the $4,500.00 received by the bank from The Commodore Perry Hotel Company as rentals is entitled to priority over the claims of general creditors and it is so ordered.

Decree accordingly.

RICHARDS and WILLIAMS, JJ, concur.