trustee-debtor
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 29 U.S. 190 - James Caldwell v. John Taggart and Mary His Wife · 1830Most cited · 38 citing opinions
It is then a clear case for relief; since the defendant Caldwell, uniting in himself the two characters of trustee and debtor to the trust fund, was guilty of a clear breach of trust in availing himself of the release of 1816, without seeing the debt well secured, agreeably to the deed of 1809. He must in any event be decreed to substitute such security as he ought to have taken upon any other change of investment effected in pursuance of the original trust.