Richard H. Clarke, as Committee of the Estate of David Rosenhaus, an Incompetent Person, Respondent v. the Public…

Summary

The Court reversed the Appellate Division and affirmed the trial term, holding that a bank is not liable for conversion when it accepts deposits of trust funds into a fiduciary’s personal account absent proof of misappropriation, and that the Surrogate Court Act does not alter this common‑law rule.