Morrison Waite,
Rand v. Walker — Opinion of the Court
“ It is claimed, however, that, as Rand holds the legal title, Doane is an unnecessary and merely nominal party, because his interests are represented, for all the purposes of the suit, by Rand as his trustee. It is certainly true, as was said in Kerrison v. Stewart, 93 U.S. 160, that 'under some circumstances a trustee may represent his beneficiaries in all things relating to their common interest in the trust property. He may be invested with such powers and subjected to such obligations that those for whom he holds will be bound by what is done against him, as well as by what is done by him. ”
