- published: 17 Mar 2021
- views: 753
-
remove the playlistState Street Bank And Trust Company
- remove the playlistState Street Bank And Trust Company
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of trusts and in managing estates. Trust companies are not required to exercise all of the powers that they are granted. Further, the fact that a trust company in one jurisdiction does not perform all of the trust company duties in another jurisdiction is irrelevant and does not have any bearing on whether either company is truly a "trust company". Therefore, it is safe to say that the term "trust company" must not be narrowly construed.
The "trust" name refers to the ability of the institution's trust department to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Trust_company
Trust Company
Trust Company can refer to:
See also
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Trust_Company
Trust Company (band)
Trust Company (also typeset as TRUSTcompany and TRUST*CO) is an American rock band from Prattville, Alabama.
History
Formation and The Lonely Position of Neutral (1997–2002)
Formed in 1997, Trust Company came together through vocalist Kevin Palmer and drummer Jason Singleton, who briefly played drums in the Ed Kemper Trio. Originally called 41 Down, the band then recruited bassist Josh Moates and guitarist James Fukai. After building a local fan-base and releasing a self-titled album as well as a couple demos, the band went on to sign a major label deal with Geffen Records. The band then changed their name to Trust Company to avoid confusion with the Canadian band Sum 41.
The group released its debut album, The Lonely Position of Neutral, on July 23, 2002. The album was well received with the lead single "Downfall" gaining heavy exposure through MTV2. Subsequently, the song entered the Billboard Hot 100 singles charts. A second single "Running From Me" followed with more moderate success. The Lonely Position was certified gold by the RIAA, and the band went on to tour with artists such as Thirty Seconds to Mars and Papa Roach. They also toured with KoRn and Disturbed as part of the Pop Sux Tour in 2002.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Trust_Company_(band)
State Street Corporation
State Street Corporation, known as State Street, is an American worldwide financial services holding company. State Street was founded in 1792 and is the second oldest financial institution in the United States. The company’s headquarters are at One Lincoln Street in Boston and it has offices in 29 countries around the world.
State Street is organized into three main divisions. The Global Services business is a custodian bank with $28 trillion (USD) of assets under custody and administration. The Global Advisors business provides investment management services and has $2.45 trillion (USD) of assets under management. The Global Markets business offers investment research and trading services to institutional investors.
History
State Street’s past can be dated back to the founding years of Boston’s banking industry. In 1792 the Union Bank became the third bank to be chartered in Boston and was located at the corner of State and Exchange Streets. State Street was known as the “Great Street to the Sea” as Boston became a flourishing maritime capital. The clipper in State Street’s logo today reflects this period.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/State_Street_Corporation
State Street Bank and Trust Company
State Street Bank and Trust Company or simply State Street is a custodian bank organized as a Massachusetts trust company specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit organizations. It is a subsidiary of the State Street Corporation, and used to also provide retail banking and commercial lending products until it sold off that division in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, Rhode Island. The retail banking and commercial lending units were sold for $350 million.
State Street, and its sister company State Street Global Advisors (SSgA), which is a leading registered investment advisor, together comprise the principal operating companies within parent company State Street Corporation.
History
State Street provides core investment custody, hedge fund or investment/securities accounting, fund administration, securities finance and transfer agent services to institutional clients like those named above. It provides these services in North American cities including Boston, New York City, Kansas City, Toronto, and Irvine, California, and in many international financial centers such as London, Frankfurt, Munich, Cologne, Vienna, Grand Cayman, Hong Kong, Beijing, Dublin, Luxembourg, [Jersey C.I.] and Tokyo. It has recently outsourced or offshored parts of its operations to joint venture operations in Mumbai, Pune and Kraków in an effort to reduce labor costs and match competitor custodians and wall street firms following the same strategy.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/State_Street_Bank_and_Trust_Company
Podcasts:
-
State Street Bank and Trust Co. v. Reiser Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview State Street Bank and Trust Co. v. Reiser | 389 N.E.2d 768 (1979) A revocable trust is a will substitute that allows a person to transfer his or her assets outside of the probate system during life while also retaining the right of revocation and amendment. In addition, in some states, when the settlor of a revocable trust dies, the settlor’s creditors can’t access assets that have been placed in the trust, absent the settlor’s intent to defraud. In the 1979 case State Street Bank and Trust Company versus Reiser, the Appeals Court of Massachusetts considered whether a creditor could reach the assets of a settlor’s revocable...
published: 17 Mar 2021 -
Learn About Our Company
published: 11 Oct 2023 -
State Street Bank Trust Services
State Street Bank Trust Services takes the stress out of estate planning. Our experienced and compassionate Trust Officers work with you and your team to preserve your legacy.
published: 09 Jul 2020 -
Beals v. State Street Bank and Trust Co. Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview Beals v. State Street Bank and Trust Co. | 326 N.E.2d 896 (1975) A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment. Arthur Hunnewell’s will left the residue of his property in...
published: 09 Feb 2021 -
State Street Bank & Trust Co. v. Strawser (1995) Overview | LSData Case Brief Video Summary
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who signed a contract to pay back the loan each month. If they didn't pay, State Street Bank could demand immediate repayment of the loan. State Street Bank claims the Strawsers have not paid since April 1993 and owe the balance, interest, late fees, and legal fees. The Strawsers argue that State Street Bank cannot enforce the loan because the loan has some problems. State Street Bank has filed a motion for the court to decide if they can enforce the loan or not. The court is looking at Pennsylvania law to make this decision. Specifically, they are looking at whether State Street Bank is a holder in due course, and if they are, then they can enforce the loan regardless of any problems there might be with t...
published: 24 May 2023 -
Company Profile: State Street Corp (NYSE:STT)
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
published: 20 May 2010 -
State Street - The Company That Safe Keeps $39 Trillion In Assets
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. The company is named after State Street in Boston, which was known as the "Great Street to the Sea" in the 18th century as Boston became a flourishing maritime capital. The company's logo includes a clipper to reflect the maritime industry in Boston during this time. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 15th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.5 trillion under management and US$38.8 trillion under custody and administration. It is the se...
published: 11 Dec 2021 -
Beals v. State Street Bank & Trust Co. Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview Beals v. State Street Bank & Trust Co. | 326 N.E.2d 896 (1975) A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment. Arthur Hunnewell’s will left the residue of his property in a ...
published: 14 Dec 2020 -
DOGE Exposes Corruption in the USA GOV, Bitcoin Reserve, Coinbase Dominates Earnings, Bye Pennies?
Key Topics & Links 1. Coinbase’s Big Win * Coinbase’s Q4 2024 Financial Results: https://x.com/jevgenijs/status/1890155677202653526 * Sentiment might be “meh,” but revenue is flying. Subscription & services revenue surged from $45M in 2020 to $2.31B in 2024. 2. Strategic Bitcoin Reserves * Senator Lummis’s BTC Reserve Commentary: https://x.com/FigueiredoDyla/status/1887463964998537442 * Revaluing U.S. gold holdings to fund a national BTC reserve? Watch this space. 3. GameStop & Institutional Adoption * GME Considering Bitcoin Investment: https://x.com/unusual_whales/status/1890153865808679174 * State Street & Citi Bank Crypto Custody: https://watcher.guru/news/state-street-citi-bank-to-launch-crypto-custody-services * Barclays holding $131M worth of BTC via IBIT...
published: 16 Feb 2025 -
News Update: State Street Employees Charged by SEC for Lying to Investors
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securities and Exchange Commission (SEC) for reportedly misleading investors. John Flannery and James Hopkins are being accused of lying about subprime investments. Reports say the two men marketed a fund primarily invested in subprime residential mortgage-backed securities and derivatives as an alternative to a money market fund. SEC officials said in a statement: ""Yet despite this exposure to subprime securities, the fund continued to be described as less risky than a typical money market fund and the extent of its concentration in subprime investments was not disclosed to investors. State Street has resolved this matter both in terms of addressing client concerns as well as settling with the ...
published: 30 Sep 2010
2:21
State Street Bank and Trust Co. v. Reiser Case Brief Summary | Law Case Explained
- Order: Reorder
- Duration: 2:21
- Uploaded Date: 17 Mar 2021
- views: 753
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-ove...
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
State Street Bank and Trust Co. v. Reiser | 389 N.E.2d 768 (1979)
A revocable trust is a will substitute that allows a person to transfer his or her assets outside of the probate system during life while also retaining the right of revocation and amendment. In addition, in some states, when the settlor of a revocable trust dies, the settlor’s creditors can’t access assets that have been placed in the trust, absent the settlor’s intent to defraud. In the 1979 case State Street Bank and Trust Company versus Reiser, the Appeals Court of Massachusetts considered whether a creditor could reach the assets of a settlor’s revocable trust after his death.
In September 1971, Wilfred Dunnebier executed a revocable trust where he retained the right to revoke or amend the trust and the right to direct the disposition of trust assets. Also, under the trust, the trustee of the trust was given the discretion to pay all debts and expenses arising out of the administration of Dunnebier’s estate from trust assets in the event of Dunnebier’s death.
Dunnebier conveyed the capital stock of five closely held corporations that were involved in building single-family home subdivisions to the trust. Further, immediately following execution of the trust, Dunnebier executed a will in which he left his residuary estate to the trust.
About thirteen months later, Dunnebier applied to the State Street Bank and Trust Company for a $75,000 loan. In the application for the loan, Dunnebier included the income and assets of the five closely held corporations that he conveyed to the trust. Based on the application, the bank issued Dunnebier an unsecured loan for $75,000 and Dunnebier signed a personal guarantee.
Approximately four months later, Dunnebier died. At the time of his death, Dunnebier’s estate didn’t have sufficient funds to pay the bank the outstanding balance on the $75,000 loan.
Subsequently, the bank brought an action against Murray Reiser, as trustee of Dunnebier’s trust, in Massachusetts probate court, seeking payment of the debt. Specifically, the bank argued that the trust was part of Dunnebier’s estate plan and that Dunnebier intended for the trust to pay for his debts. The probate court found that Dunnebier didn’t intend to defraud the bank and that the bank couldn’t reach the trusts’ assets. The bank appealed to the Appeals Court of Massachusetts.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
https://wn.com/State_Street_Bank_And_Trust_Co._V._Reiser_Case_Brief_Summary_|_Law_Case_Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
State Street Bank and Trust Co. v. Reiser | 389 N.E.2d 768 (1979)
A revocable trust is a will substitute that allows a person to transfer his or her assets outside of the probate system during life while also retaining the right of revocation and amendment. In addition, in some states, when the settlor of a revocable trust dies, the settlor’s creditors can’t access assets that have been placed in the trust, absent the settlor’s intent to defraud. In the 1979 case State Street Bank and Trust Company versus Reiser, the Appeals Court of Massachusetts considered whether a creditor could reach the assets of a settlor’s revocable trust after his death.
In September 1971, Wilfred Dunnebier executed a revocable trust where he retained the right to revoke or amend the trust and the right to direct the disposition of trust assets. Also, under the trust, the trustee of the trust was given the discretion to pay all debts and expenses arising out of the administration of Dunnebier’s estate from trust assets in the event of Dunnebier’s death.
Dunnebier conveyed the capital stock of five closely held corporations that were involved in building single-family home subdivisions to the trust. Further, immediately following execution of the trust, Dunnebier executed a will in which he left his residuary estate to the trust.
About thirteen months later, Dunnebier applied to the State Street Bank and Trust Company for a $75,000 loan. In the application for the loan, Dunnebier included the income and assets of the five closely held corporations that he conveyed to the trust. Based on the application, the bank issued Dunnebier an unsecured loan for $75,000 and Dunnebier signed a personal guarantee.
Approximately four months later, Dunnebier died. At the time of his death, Dunnebier’s estate didn’t have sufficient funds to pay the bank the outstanding balance on the $75,000 loan.
Subsequently, the bank brought an action against Murray Reiser, as trustee of Dunnebier’s trust, in Massachusetts probate court, seeking payment of the debt. Specifically, the bank argued that the trust was part of Dunnebier’s estate plan and that Dunnebier intended for the trust to pay for his debts. The probate court found that Dunnebier didn’t intend to defraud the bank and that the bank couldn’t reach the trusts’ assets. The bank appealed to the Appeals Court of Massachusetts.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
1:44
Learn About Our Company
- Order: Reorder
- Duration: 1:44
- Uploaded Date: 11 Oct 2023
- views: 10177
- published: 11 Oct 2023
- views: 10177
0:31
State Street Bank Trust Services
- Order: Reorder
- Duration: 0:31
- Uploaded Date: 09 Jul 2020
- views: 240
State Street Bank Trust Services takes the stress out of estate planning. Our experienced and compassionate Trust Officers work with you and your team to prese...
State Street Bank Trust Services takes the stress out of estate planning. Our experienced and compassionate Trust Officers work with you and your team to preserve your legacy.
https://wn.com/State_Street_Bank_Trust_Services
State Street Bank Trust Services takes the stress out of estate planning. Our experienced and compassionate Trust Officers work with you and your team to preserve your legacy.
- published: 09 Jul 2020
- views: 240
2:44
Beals v. State Street Bank and Trust Co. Case Brief Summary | Law Case Explained
- Order: Reorder
- Duration: 2:44
- Uploaded Date: 09 Feb 2021
- views: 74
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-ove...
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank and Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
https://wn.com/Beals_V._State_Street_Bank_And_Trust_Co._Case_Brief_Summary_|_Law_Case_Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank and Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
- published: 09 Feb 2021
- views: 74
1:38
State Street Bank & Trust Co. v. Strawser (1995) Overview | LSData Case Brief Video Summary
- Order: Reorder
- Duration: 1:38
- Uploaded Date: 24 May 2023
- views: 17
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who signed a contract to pay back the loan each month. If they didn't pay, ...
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who signed a contract to pay back the loan each month. If they didn't pay, State Street Bank could demand immediate repayment of the loan. State Street Bank claims the Strawsers have not paid since April 1993 and owe the balance, interest, late fees, and legal fees. The Strawsers argue that State Street Bank cannot enforce the loan because the loan has some problems. State Street Bank has filed a motion for the court to decide if they can enforce the loan or not. The court is looking at Pennsylvania law to make this decision. Specifically, they are looking at whether State Street Bank is a holder in due course, and if they are, then they can enforce the loan regardless of any problems there might be with the loan's validity.
State Street Bank & Trust Co. v. Strawser (1995)
United States District Court for the Middle District of Pennsylvania
908 F. Supp. 249
Learn more about this case at https://www.lsd.law/briefs/view/state-street-bank-trust-co-v-strawser-42324471
---
Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite.
Check out all of our case briefs: https://www.lsd.law/briefs
Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text.
Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_confirmation=1
https://wn.com/State_Street_Bank_Trust_Co._V._Strawser_(1995)_Overview_|_Lsdata_Case_Brief_Video_Summary
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who signed a contract to pay back the loan each month. If they didn't pay, State Street Bank could demand immediate repayment of the loan. State Street Bank claims the Strawsers have not paid since April 1993 and owe the balance, interest, late fees, and legal fees. The Strawsers argue that State Street Bank cannot enforce the loan because the loan has some problems. State Street Bank has filed a motion for the court to decide if they can enforce the loan or not. The court is looking at Pennsylvania law to make this decision. Specifically, they are looking at whether State Street Bank is a holder in due course, and if they are, then they can enforce the loan regardless of any problems there might be with the loan's validity.
State Street Bank & Trust Co. v. Strawser (1995)
United States District Court for the Middle District of Pennsylvania
908 F. Supp. 249
Learn more about this case at https://www.lsd.law/briefs/view/state-street-bank-trust-co-v-strawser-42324471
---
Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite.
Check out all of our case briefs: https://www.lsd.law/briefs
Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text.
Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_confirmation=1
- published: 24 May 2023
- views: 17
0:53
Company Profile: State Street Corp (NYSE:STT)
- Order: Reorder
- Duration: 0:53
- Uploaded Date: 20 May 2010
- views: 6878
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, fo...
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
https://wn.com/Company_Profile_State_Street_Corp_(Nyse_Stt)
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
- published: 20 May 2010
- views: 6878
14:57
State Street - The Company That Safe Keeps $39 Trillion In Assets
- Order: Reorder
- Duration: 14:57
- Uploaded Date: 11 Dec 2021
- views: 11798
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. The...
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. The company is named after State Street in Boston, which was known as the "Great Street to the Sea" in the 18th century as Boston became a flourishing maritime capital. The company's logo includes a clipper to reflect the maritime industry in Boston during this time. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 15th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.5 trillion under management and US$38.8 trillion under custody and administration. It is the second largest custodian bank in the world.
State Street’s position in the ETF, mutual fund market makes it a great company to bet on due to the rise of passive investing. Some say passive investing is in a bubble, but I believe passive investing is here to stay for a long time. State Street is the one of the best companies to buy that sell ETFs.
#sttstock #etfs #StagResearch
* Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Sources:
https://pastebin.com/PZZ3e7pv
https://wn.com/State_Street_The_Company_That_Safe_Keeps_39_Trillion_In_Assets
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. The company is named after State Street in Boston, which was known as the "Great Street to the Sea" in the 18th century as Boston became a flourishing maritime capital. The company's logo includes a clipper to reflect the maritime industry in Boston during this time. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 15th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.5 trillion under management and US$38.8 trillion under custody and administration. It is the second largest custodian bank in the world.
State Street’s position in the ETF, mutual fund market makes it a great company to bet on due to the rise of passive investing. Some say passive investing is in a bubble, but I believe passive investing is here to stay for a long time. State Street is the one of the best companies to buy that sell ETFs.
#sttstock #etfs #StagResearch
* Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Sources:
https://pastebin.com/PZZ3e7pv
- published: 11 Dec 2021
- views: 11798
2:44
Beals v. State Street Bank & Trust Co. Case Brief Summary | Law Case Explained
- Order: Reorder
- Duration: 2:44
- Uploaded Date: 14 Dec 2020
- views: 116
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-ove...
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank & Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
https://wn.com/Beals_V._State_Street_Bank_Trust_Co._Case_Brief_Summary_|_Law_Case_Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank & Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
- published: 14 Dec 2020
- views: 116
1:23:43
DOGE Exposes Corruption in the USA GOV, Bitcoin Reserve, Coinbase Dominates Earnings, Bye Pennies?
- Order: Reorder
- Duration: 1:23:43
- Uploaded Date: 16 Feb 2025
- views: 147
Key Topics & Links
1. Coinbase’s Big Win
* Coinbase’s Q4 2024 Financial Results: https://x.com/jevgenijs/status/1890155677202653526
* Sentiment might be...
Key Topics & Links
1. Coinbase’s Big Win
* Coinbase’s Q4 2024 Financial Results: https://x.com/jevgenijs/status/1890155677202653526
* Sentiment might be “meh,” but revenue is flying. Subscription & services revenue surged from $45M in 2020 to $2.31B in 2024.
2. Strategic Bitcoin Reserves
* Senator Lummis’s BTC Reserve Commentary: https://x.com/FigueiredoDyla/status/1887463964998537442
* Revaluing U.S. gold holdings to fund a national BTC reserve? Watch this space.
3. GameStop & Institutional Adoption
* GME Considering Bitcoin Investment: https://x.com/unusual_whales/status/1890153865808679174
* State Street & Citi Bank Crypto Custody: https://watcher.guru/news/state-street-citi-bank-to-launch-crypto-custody-services
* Barclays holding $131M worth of BTC via IBIT shares—mass adoption is on the way. https://x.com/crypto_banter/status/1890355319320060156
4. Operation Chokepoint 2.0 & Political Corruption
* Marc Andreessen’s Debanking Story: https://x.com/WayneVaughan/status/1861614392967602228
* Politicians making 9 figures while earning $100k salaries—something’s fishy.
* Top Politicians’ Portfolios:https://x.com/elonmusk/status/1889968872679473605
* Politicians portfolios: https://x.com/unusual_whales/status/1876668203054817706
* Nancy & Tempus AI https://x.com/WatcherGuru/status/1890479794480902418
5. Fun & Memes
* DC’s “Lawyer” Search Trend: https://x.com/elonmusk/status/1890177231361831107
* Alex Becker on ETH & the Bull Run: https://x.com/ZssBecker/status/1890030318964601115
* 25-Year-Old Crypto Investor Meme: https://x.com/lynk0x/status/1890243607225151813
Thanks for tuning in—stay vigilant, stay bullish, and we’ll catch you in the next one! If you found this episode valuable, don’t forget to like, subscribe, and share with your fellow crypto enthusiasts.
Timestamps
* 0:00 – Intro: Back from Vietnam & The Scammer Saga
* 2:29 – Scammers vs. Intrepid: What Really Happened
* 14:00 – INT VC’s Next Big Thing: Alpha Liquid Terminal
* 15:05 – BluBird RWA
* 16:18 – SpotScammers
* 18:25 – No More Pennies?
* 23:43 – Coinbase Earnings: Surpassing Expectations
* 26:52 – Should You Sell SOL for ETH?
* 36:35 – Government Spending on Blockchain
* 45:20 – Major BTC Bullish News
* 51:53 – GME’s Bitcoin Bet
* 53:30 – Why AI Needs Crypto
* 55:40 – Is Elon Musk Evil?
* 1:06:50 – MITRA9
* 1:07:55 – Operation Chokepoint 2.0
* 1:13:00 – Career Politicians Worth 9 Figure
* 1:17:30 – DC’s Google Search History
* 1:18:46 – Alex Becker’s Take1:20:33 – Crypto Investors Today
* 1:21:15 – Final Thoughts
Intrepid Innovations is a DAO designed to enhance your investment strategy with exclusive access to seed rounds and cutting-edge tools. In this video, learn how to buy Intrepid token (INT) while reducing fees.
Join Our Community: https://intrepidinnovations.llc/
Discord Public Chat: https://discord.com/channels/1273712934144446566/1281296593835790421
► Tier 1 Access: Get 250 INT tokens for exclusive DAO access.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAxODk5Nzc3NzEw
► Tier 2 Access: Seed round investing with 25 INT tokens.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAyMDY0NDc0NzA2
Machine learning and mathematics app that helps you find the best projects currently on the market, provides access to the DAO (a group of elite investors), and offers early access to project launches before they hit the market.
► Crypto Research App : https://explorer.intrepidgains.com/
#venturecapital #blockchaineducation
https://wn.com/Doge_Exposes_Corruption_In_The_USA_Gov,_Bitcoin_Reserve,_Coinbase_Dominates_Earnings,_Bye_Pennies
Key Topics & Links
1. Coinbase’s Big Win
* Coinbase’s Q4 2024 Financial Results: https://x.com/jevgenijs/status/1890155677202653526
* Sentiment might be “meh,” but revenue is flying. Subscription & services revenue surged from $45M in 2020 to $2.31B in 2024.
2. Strategic Bitcoin Reserves
* Senator Lummis’s BTC Reserve Commentary: https://x.com/FigueiredoDyla/status/1887463964998537442
* Revaluing U.S. gold holdings to fund a national BTC reserve? Watch this space.
3. GameStop & Institutional Adoption
* GME Considering Bitcoin Investment: https://x.com/unusual_whales/status/1890153865808679174
* State Street & Citi Bank Crypto Custody: https://watcher.guru/news/state-street-citi-bank-to-launch-crypto-custody-services
* Barclays holding $131M worth of BTC via IBIT shares—mass adoption is on the way. https://x.com/crypto_banter/status/1890355319320060156
4. Operation Chokepoint 2.0 & Political Corruption
* Marc Andreessen’s Debanking Story: https://x.com/WayneVaughan/status/1861614392967602228
* Politicians making 9 figures while earning $100k salaries—something’s fishy.
* Top Politicians’ Portfolios:https://x.com/elonmusk/status/1889968872679473605
* Politicians portfolios: https://x.com/unusual_whales/status/1876668203054817706
* Nancy & Tempus AI https://x.com/WatcherGuru/status/1890479794480902418
5. Fun & Memes
* DC’s “Lawyer” Search Trend: https://x.com/elonmusk/status/1890177231361831107
* Alex Becker on ETH & the Bull Run: https://x.com/ZssBecker/status/1890030318964601115
* 25-Year-Old Crypto Investor Meme: https://x.com/lynk0x/status/1890243607225151813
Thanks for tuning in—stay vigilant, stay bullish, and we’ll catch you in the next one! If you found this episode valuable, don’t forget to like, subscribe, and share with your fellow crypto enthusiasts.
Timestamps
* 0:00 – Intro: Back from Vietnam & The Scammer Saga
* 2:29 – Scammers vs. Intrepid: What Really Happened
* 14:00 – INT VC’s Next Big Thing: Alpha Liquid Terminal
* 15:05 – BluBird RWA
* 16:18 – SpotScammers
* 18:25 – No More Pennies?
* 23:43 – Coinbase Earnings: Surpassing Expectations
* 26:52 – Should You Sell SOL for ETH?
* 36:35 – Government Spending on Blockchain
* 45:20 – Major BTC Bullish News
* 51:53 – GME’s Bitcoin Bet
* 53:30 – Why AI Needs Crypto
* 55:40 – Is Elon Musk Evil?
* 1:06:50 – MITRA9
* 1:07:55 – Operation Chokepoint 2.0
* 1:13:00 – Career Politicians Worth 9 Figure
* 1:17:30 – DC’s Google Search History
* 1:18:46 – Alex Becker’s Take1:20:33 – Crypto Investors Today
* 1:21:15 – Final Thoughts
Intrepid Innovations is a DAO designed to enhance your investment strategy with exclusive access to seed rounds and cutting-edge tools. In this video, learn how to buy Intrepid token (INT) while reducing fees.
Join Our Community: https://intrepidinnovations.llc/
Discord Public Chat: https://discord.com/channels/1273712934144446566/1281296593835790421
► Tier 1 Access: Get 250 INT tokens for exclusive DAO access.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAxODk5Nzc3NzEw
► Tier 2 Access: Seed round investing with 25 INT tokens.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAyMDY0NDc0NzA2
Machine learning and mathematics app that helps you find the best projects currently on the market, provides access to the DAO (a group of elite investors), and offers early access to project launches before they hit the market.
► Crypto Research App : https://explorer.intrepidgains.com/
#venturecapital #blockchaineducation
- published: 16 Feb 2025
- views: 147
1:23
News Update: State Street Employees Charged by SEC for Lying to Investors
- Order: Reorder
- Duration: 1:23
- Uploaded Date: 30 Sep 2010
- views: 266
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securities and Exchange Commission (SEC) for reportedly misleading investors...
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securities and Exchange Commission (SEC) for reportedly misleading investors.
John Flannery and James Hopkins are being accused of lying about subprime investments.
Reports say the two men marketed a fund primarily invested in subprime residential mortgage-backed securities and derivatives as an alternative to a money market fund.
SEC officials said in a statement: ""Yet despite this exposure to subprime securities, the fund continued to be described as less risky than a typical money market fund and the extent of its concentration in subprime investments was not disclosed to investors. State Street has resolved this matter both in terms of addressing client concerns as well as settling with the SEC and will not comment on the SEC's separate investigations into individuals who are no longer with the firm.""
SmarTrend currently has State Street in an Uptrend.
Since 2008, SmarTrend subscribers trading State Street using our alerts outperformed the stock by 79%.
We are monitoring these developments and will alert subscribers to any change in trend."
https://wn.com/News_Update_State_Street_Employees_Charged_By_Sec_For_Lying_To_Investors
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securities and Exchange Commission (SEC) for reportedly misleading investors.
John Flannery and James Hopkins are being accused of lying about subprime investments.
Reports say the two men marketed a fund primarily invested in subprime residential mortgage-backed securities and derivatives as an alternative to a money market fund.
SEC officials said in a statement: ""Yet despite this exposure to subprime securities, the fund continued to be described as less risky than a typical money market fund and the extent of its concentration in subprime investments was not disclosed to investors. State Street has resolved this matter both in terms of addressing client concerns as well as settling with the SEC and will not comment on the SEC's separate investigations into individuals who are no longer with the firm.""
SmarTrend currently has State Street in an Uptrend.
Since 2008, SmarTrend subscribers trading State Street using our alerts outperformed the stock by 79%.
We are monitoring these developments and will alert subscribers to any change in trend."
- published: 30 Sep 2010
- views: 266
PLAYLIST TIME:
PLAYLIST TIME:
2:21
State Street Bank and Trust Co. v. Reiser Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and coun...
published: 17 Mar 2021
State Street Bank and Trust Co. v. Reiser Case Brief Summary | Law Case Explained
State Street Bank and Trust Co. v. Reiser Case Brief Summary | Law Case Explained
- Report rights infringement
- published: 17 Mar 2021
- views: 753
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
State Street Bank and Trust Co. v. Reiser | 389 N.E.2d 768 (1979)
A revocable trust is a will substitute that allows a person to transfer his or her assets outside of the probate system during life while also retaining the right of revocation and amendment. In addition, in some states, when the settlor of a revocable trust dies, the settlor’s creditors can’t access assets that have been placed in the trust, absent the settlor’s intent to defraud. In the 1979 case State Street Bank and Trust Company versus Reiser, the Appeals Court of Massachusetts considered whether a creditor could reach the assets of a settlor’s revocable trust after his death.
In September 1971, Wilfred Dunnebier executed a revocable trust where he retained the right to revoke or amend the trust and the right to direct the disposition of trust assets. Also, under the trust, the trustee of the trust was given the discretion to pay all debts and expenses arising out of the administration of Dunnebier’s estate from trust assets in the event of Dunnebier’s death.
Dunnebier conveyed the capital stock of five closely held corporations that were involved in building single-family home subdivisions to the trust. Further, immediately following execution of the trust, Dunnebier executed a will in which he left his residuary estate to the trust.
About thirteen months later, Dunnebier applied to the State Street Bank and Trust Company for a $75,000 loan. In the application for the loan, Dunnebier included the income and assets of the five closely held corporations that he conveyed to the trust. Based on the application, the bank issued Dunnebier an unsecured loan for $75,000 and Dunnebier signed a personal guarantee.
Approximately four months later, Dunnebier died. At the time of his death, Dunnebier’s estate didn’t have sufficient funds to pay the bank the outstanding balance on the $75,000 loan.
Subsequently, the bank brought an action against Murray Reiser, as trustee of Dunnebier’s trust, in Massachusetts probate court, seeking payment of the debt. Specifically, the bank argued that the trust was part of Dunnebier’s estate plan and that Dunnebier intended for the trust to pay for his debts. The probate court found that Dunnebier didn’t intend to defraud the bank and that the bank couldn’t reach the trusts’ assets. The bank appealed to the Appeals Court of Massachusetts.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/state-street-bank-and-trust-co-v-reiser
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
0:31
State Street Bank Trust Services
State Street Bank Trust Services takes the stress out of estate planning. Our experienced...
published: 09 Jul 2020
State Street Bank Trust Services
State Street Bank Trust Services
- Report rights infringement
- published: 09 Jul 2020
- views: 240
State Street Bank Trust Services takes the stress out of estate planning. Our experienced and compassionate Trust Officers work with you and your team to preserve your legacy.
2:44
Beals v. State Street Bank and Trust Co. Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and coun...
published: 09 Feb 2021
Beals v. State Street Bank and Trust Co. Case Brief Summary | Law Case Explained
Beals v. State Street Bank and Trust Co. Case Brief Summary | Law Case Explained
- Report rights infringement
- published: 09 Feb 2021
- views: 74
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank and Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
1:38
State Street Bank & Trust Co. v. Strawser (1995) Overview | LSData Case Brief Video Summary
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who s...
published: 24 May 2023
State Street Bank & Trust Co. v. Strawser (1995) Overview | LSData Case Brief Video Summary
State Street Bank & Trust Co. v. Strawser (1995) Overview | LSData Case Brief Video Summary
- Report rights infringement
- published: 24 May 2023
- views: 17
State Street Bank & Trust Company loaned money to Chester L. and Connie M. Strawser, who signed a contract to pay back the loan each month. If they didn't pay, State Street Bank could demand immediate repayment of the loan. State Street Bank claims the Strawsers have not paid since April 1993 and owe the balance, interest, late fees, and legal fees. The Strawsers argue that State Street Bank cannot enforce the loan because the loan has some problems. State Street Bank has filed a motion for the court to decide if they can enforce the loan or not. The court is looking at Pennsylvania law to make this decision. Specifically, they are looking at whether State Street Bank is a holder in due course, and if they are, then they can enforce the loan regardless of any problems there might be with the loan's validity.
State Street Bank & Trust Co. v. Strawser (1995)
United States District Court for the Middle District of Pennsylvania
908 F. Supp. 249
Learn more about this case at https://www.lsd.law/briefs/view/state-street-bank-trust-co-v-strawser-42324471
---
Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite.
Check out all of our case briefs: https://www.lsd.law/briefs
Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text.
Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_confirmation=1
0:53
Company Profile: State Street Corp (NYSE:STT)
Through State Street Bank and Trust, the company is among the top providers of mutual fund...
published: 20 May 2010
Company Profile: State Street Corp (NYSE:STT)
Company Profile: State Street Corp (NYSE:STT)
- Report rights infringement
- published: 20 May 2010
- views: 6878
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
14:57
State Street - The Company That Safe Keeps $39 Trillion In Assets
State Street Corporation is an American financial services and bank holding company headqu...
published: 11 Dec 2021
State Street - The Company That Safe Keeps $39 Trillion In Assets
State Street - The Company That Safe Keeps $39 Trillion In Assets
- Report rights infringement
- published: 11 Dec 2021
- views: 11798
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. The company is named after State Street in Boston, which was known as the "Great Street to the Sea" in the 18th century as Boston became a flourishing maritime capital. The company's logo includes a clipper to reflect the maritime industry in Boston during this time. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 15th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.5 trillion under management and US$38.8 trillion under custody and administration. It is the second largest custodian bank in the world.
State Street’s position in the ETF, mutual fund market makes it a great company to bet on due to the rise of passive investing. Some say passive investing is in a bubble, but I believe passive investing is here to stay for a long time. State Street is the one of the best companies to buy that sell ETFs.
#sttstock #etfs #StagResearch
* Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Sources:
https://pastebin.com/PZZ3e7pv
2:44
Beals v. State Street Bank & Trust Co. Case Brief Summary | Law Case Explained
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and coun...
published: 14 Dec 2020
Beals v. State Street Bank & Trust Co. Case Brief Summary | Law Case Explained
Beals v. State Street Bank & Trust Co. Case Brief Summary | Law Case Explained
- Report rights infringement
- published: 14 Dec 2020
- views: 116
Get more case briefs explained with Quimbee. Quimbee has over 16,300 case briefs (and counting) keyed to 223 casebooks ► https://www.quimbee.com/case-briefs-overview
Beals v. State Street Bank & Trust Co. | 326 N.E.2d 896 (1975)
A power of appointment authorizes a designated individual to dispose of specified property. The person creating the power is called the donor, whereas the person receiving it is called the donee. If the power is a general power of appointment, the donee can give the property to anyone. A special power of appointment, however, limits the donee’s authority. In Beals versus State Street Bank and Trust, the Massachusetts Supreme Judicial Court considered how a donee could exercise a power of appointment.
Arthur Hunnewell’s will left the residue of his property in a trust that paid its income to his wife during her lifetime. After Mrs. Hunnewell died, the trust property was divided into three portions, one for each of the Hunnewells’ surviving daughters. Each daughter received the trust income from her share during her lifetime. Hunnewell’s will granted each daughter a general power of appointment to dispose of her share of the trust principal as she directed in her own will. If a daughter didn’t exercise this power, Hunnewell’s will directed that her share of the trust property be distributed according to intestacy law.
Following Mrs. Hunnewell’s death, her daughter Isabella had the trustees transfer most of her share of the trust property to an account managed by her husband. Thereafter, a small amount of property remained in Isabella’s share of the trust.
Later, Isabella partially released her general power of appointment over the remaining trust property, to the extent that the power allowed her to distribute her share to anyone other than Arthur’s surviving descendants. When Isabella died, her will didn’t mention her power of appointment. The will’s residuary clause left the remainder of Isabella’s estate to her deceased sister Margaret’s descendants. If the residuary clause exercised Isabella’s power of appointment, Margaret’s descendants would take all of Isabella’s share of the remaining trust property. But if Isabella’s will didn’t exercise the power, then under intestacy law Margaret’s descendants would take half of Isabella’s share, while Isabella’s sister Jane’s estate would also take half.
The trustees petitioned the probate court for instructions on how to distribute Isabella’s remaining share of the trust property. The probate court reported the case to the appeals court on the pleadings and stipulated facts. The Massachusetts Supreme Judicial Court transferred the case to itself for decision.
Want more details on this case? Get the rule of law, issues, holding and reasonings, and more case facts here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
The Quimbee App features over 16,300 case briefs keyed to 223 casebooks. Try it free for 7 days! ► https://www.quimbee.com/case-briefs-overview
Have Questions about this Case? Submit your questions and get answers from a real attorney here: https://www.quimbee.com/cases/beals-v-state-street-bank-amp-trust-co
Did we just become best friends? Stay connected to Quimbee here: Subscribe to our YouTube Channel ► https://www.youtube.com/subscription_center?add_user=QuimbeeDotCom
Quimbee Case Brief App ► https://www.quimbee.com/case-briefs-overview
Facebook ► https://www.facebook.com/quimbeedotcom/
Twitter ► https://twitter.com/quimbeedotcom
#casebriefs #lawcases #casesummaries
1:23:43
DOGE Exposes Corruption in the USA GOV, Bitcoin Reserve, Coinbase Dominates Earnings, Bye Pennies?
Key Topics & Links
1. Coinbase’s Big Win
* Coinbase’s Q4 2024 Financial Results: https...
published: 16 Feb 2025
DOGE Exposes Corruption in the USA GOV, Bitcoin Reserve, Coinbase Dominates Earnings, Bye Pennies?
DOGE Exposes Corruption in the USA GOV, Bitcoin Reserve, Coinbase Dominates Earnings, Bye Pennies?
- Report rights infringement
- published: 16 Feb 2025
- views: 147
Key Topics & Links
1. Coinbase’s Big Win
* Coinbase’s Q4 2024 Financial Results: https://x.com/jevgenijs/status/1890155677202653526
* Sentiment might be “meh,” but revenue is flying. Subscription & services revenue surged from $45M in 2020 to $2.31B in 2024.
2. Strategic Bitcoin Reserves
* Senator Lummis’s BTC Reserve Commentary: https://x.com/FigueiredoDyla/status/1887463964998537442
* Revaluing U.S. gold holdings to fund a national BTC reserve? Watch this space.
3. GameStop & Institutional Adoption
* GME Considering Bitcoin Investment: https://x.com/unusual_whales/status/1890153865808679174
* State Street & Citi Bank Crypto Custody: https://watcher.guru/news/state-street-citi-bank-to-launch-crypto-custody-services
* Barclays holding $131M worth of BTC via IBIT shares—mass adoption is on the way. https://x.com/crypto_banter/status/1890355319320060156
4. Operation Chokepoint 2.0 & Political Corruption
* Marc Andreessen’s Debanking Story: https://x.com/WayneVaughan/status/1861614392967602228
* Politicians making 9 figures while earning $100k salaries—something’s fishy.
* Top Politicians’ Portfolios:https://x.com/elonmusk/status/1889968872679473605
* Politicians portfolios: https://x.com/unusual_whales/status/1876668203054817706
* Nancy & Tempus AI https://x.com/WatcherGuru/status/1890479794480902418
5. Fun & Memes
* DC’s “Lawyer” Search Trend: https://x.com/elonmusk/status/1890177231361831107
* Alex Becker on ETH & the Bull Run: https://x.com/ZssBecker/status/1890030318964601115
* 25-Year-Old Crypto Investor Meme: https://x.com/lynk0x/status/1890243607225151813
Thanks for tuning in—stay vigilant, stay bullish, and we’ll catch you in the next one! If you found this episode valuable, don’t forget to like, subscribe, and share with your fellow crypto enthusiasts.
Timestamps
* 0:00 – Intro: Back from Vietnam & The Scammer Saga
* 2:29 – Scammers vs. Intrepid: What Really Happened
* 14:00 – INT VC’s Next Big Thing: Alpha Liquid Terminal
* 15:05 – BluBird RWA
* 16:18 – SpotScammers
* 18:25 – No More Pennies?
* 23:43 – Coinbase Earnings: Surpassing Expectations
* 26:52 – Should You Sell SOL for ETH?
* 36:35 – Government Spending on Blockchain
* 45:20 – Major BTC Bullish News
* 51:53 – GME’s Bitcoin Bet
* 53:30 – Why AI Needs Crypto
* 55:40 – Is Elon Musk Evil?
* 1:06:50 – MITRA9
* 1:07:55 – Operation Chokepoint 2.0
* 1:13:00 – Career Politicians Worth 9 Figure
* 1:17:30 – DC’s Google Search History
* 1:18:46 – Alex Becker’s Take1:20:33 – Crypto Investors Today
* 1:21:15 – Final Thoughts
Intrepid Innovations is a DAO designed to enhance your investment strategy with exclusive access to seed rounds and cutting-edge tools. In this video, learn how to buy Intrepid token (INT) while reducing fees.
Join Our Community: https://intrepidinnovations.llc/
Discord Public Chat: https://discord.com/channels/1273712934144446566/1281296593835790421
► Tier 1 Access: Get 250 INT tokens for exclusive DAO access.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAxODk5Nzc3NzEw
► Tier 2 Access: Seed round investing with 25 INT tokens.
https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAyMDY0NDc0NzA2
Machine learning and mathematics app that helps you find the best projects currently on the market, provides access to the DAO (a group of elite investors), and offers early access to project launches before they hit the market.
► Crypto Research App : https://explorer.intrepidgains.com/
#venturecapital #blockchaineducation
1:23
News Update: State Street Employees Charged by SEC for Lying to Investors
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securi...
published: 30 Sep 2010
News Update: State Street Employees Charged by SEC for Lying to Investors
News Update: State Street Employees Charged by SEC for Lying to Investors
- Report rights infringement
- published: 30 Sep 2010
- views: 266
"Two State Street Bank and Trust Co. (NYSE:STT), employees have been charged by the Securities and Exchange Commission (SEC) for reportedly misleading investors.
John Flannery and James Hopkins are being accused of lying about subprime investments.
Reports say the two men marketed a fund primarily invested in subprime residential mortgage-backed securities and derivatives as an alternative to a money market fund.
SEC officials said in a statement: ""Yet despite this exposure to subprime securities, the fund continued to be described as less risky than a typical money market fund and the extent of its concentration in subprime investments was not disclosed to investors. State Street has resolved this matter both in terms of addressing client concerns as well as settling with the SEC and will not comment on the SEC's separate investigations into individuals who are no longer with the firm.""
SmarTrend currently has State Street in an Uptrend.
Since 2008, SmarTrend subscribers trading State Street using our alerts outperformed the stock by 79%.
We are monitoring these developments and will alert subscribers to any change in trend."
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of trusts and in managing estates. Trust companies are not required to exercise all of the powers that they are granted. Further, the fact that a trust company in one jurisdiction does not perform all of the trust company duties in another jurisdiction is irrelevant and does not have any bearing on whether either company is truly a "trust company". Therefore, it is safe to say that the term "trust company" must not be narrowly construed.
The "trust" name refers to the ability of the institution's trust department to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Trust_company
State Street Bank and Trust Co. v. Reiser Case Bri...
Learn About Our Company...
State Street Bank Trust Services...
Beals v. State Street Bank and Trust Co. Case Brie...
State Street Bank & Trust Co. v. Strawser (1995) O...
Company Profile: State Street Corp (NYSE:STT)...
State Street - The Company That Safe Keeps $39 Tri...
Beals v. State Street Bank & Trust Co. Case Brief ...
DOGE Exposes Corruption in the USA GOV, Bitcoin Re...
News Update: State Street Employees Charged by SEC...
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
-
by Trust Company
Without a Trace
by: Trust CompanyAnother Day
Some Other Way
I Fall along the wayside
Drifting away
And What I need
Inside of me
I'll find a way to say
And push it all away
I'm holding on to anything
I'm floting here in space
I'm reaching out for anyone
To save me from this place
I can't remember anything
I'm lost without a trace again
So far away into the gray
I'm trying to remember
And find the words to say
Another day
Some other way
Another Day
Some Other Way
I Fall along the wayside
Drifting away
And What I need
Inside of me
I'll find a way to say
And push it all away
I'm holding on to anything
I'm floting here in space
I'm reaching out for anyone
To save me from this place
I can't remember anything
I'm lost without a trace again
I'm waiting here for anyone
I'm floating here in space
I'm reaching out for anyone
To save me from this place
I can't remember anything