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constructive trustee

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 268 U.S. 121 - United States v. Dunn · 1925Most cited · 144 citing opinions

We hold that Dunn and Gillam were constructive trustees of whatever interest they acquired in the Thomas lease, and of the proceeds derived from the transfer thereof to the Bull Head Oil Company, whatever its form, whether stock or money, and that they and all defendants claiming under them, other than innocent purchasers for value, may in equity be compelled to account to the plaintiff for such proceeds, for the benefit of the minor.