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adverse interest

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 341 U.S. 267 - Mosser v. Darrow · 1951Most cited · 673 citing opinions

Equity tolerates in bankruptcy trustees no interest adverse to the trust. This is not because such interests are always corrupt but because they are always corrupting. By its exclusion of the trustee from any personal interest, it seeks to avoid such delicate inquiries as we have here into the conduct of its own appointees by exacting from them forbearance of all opportunities to advance self-interest that might bring the disinterestedness of their administration into question.