In Re Prudence Co.’s Empirical Analysis

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The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 1 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “Whether this account is to be treated as a special fund for the benefit of the subscribers or is to be treated as part of the general assets of the debtor, depends upon the effect to be given to the unilateral segregation of the funds in a special account when viewed in the light of all the circumstances. The creation of a trust requires no fixed form or phrase. The failure to notify the cestui que trust of the creation of the special interest in his favor, does not prevent the creation of a trust. Steel Cities Chemical Co. v. Virginia-Carolina Chemical Co., 2 Cir., 7 F.2d 280 ; Sinclair Cuba Oil Co., S. A., v. Manati Sugar Co., 2 F.Supp. 240 , D.C.S. D.N.Y.; Rogers Locomotive & Machine Works v. Kelley, 88 N.Y. 234, 235 ; see Beaver Board Cos. v. Imbrie, 2 Cir., 296 F. 670, 672 ; 1 Bogert, Trust and Trustees (1935) § 172, p. 502. * * * [Emphasis added.] [ 10 ]”

   1 later decision quote this exact passage · from the majority
   e.g. Poirier & McLane Corp. v. Commissioner