Minnesota Supreme Court, 1883

Crosby v. Merriam

Crosby v. Merriam
Minnesota Supreme Court · Decided December 29, 1883 · Dickinson
31 Minn. 342; 17 N.W. 950; 1883 Minn. LEXIS 95 (Minnesota Reports)

Crosby v. Merriam

Opinion of the Court

Dickinson, J.

It was the duty of the guardian, having money of his ward in his hands, to make the same productive by investment. Having neglected to do so, but retained the money many years, and no reason being shown to excuse the neglect, the guardian was properly charged with interest at the legal rate, after the lapse of a reasonable time (six months) for making investments. Dunscomb v. Dunscomb, 1 John. Ch. 508; Karr’s Adm’r v. Karr, 6 Dana, 3; 1 *343Perry on Trusts, § 468 et seq.; Schouler on Domestic Relations, § § 353, 354. There is nothing in this case excusing the guardian from the duty of investing the money.

Order affirmed.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.