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1855 A bank does not owe the beneficiary of a trust account a duty to monitor the account to prevent fraud by the trustee; a bank may not charge a trust account for personal debts of the trustee.CitationCHAZEN v CENTENNIAL BANK (Trust Account) 61 CA4 532 [See: Barclay v California Bank 208 CA2 347; Software v Hoefer 49 CA4 472, T/AT 10/96; Keeney v Bank 33 CA 515; Dodd v Citizens Bank 222 CA3 1624; Blackmon v Hale 1 C3 548FinC 952 and 953 Purdy v Bank of America N.T. & S. Assn. (1935) 2 Cal.2d 298, Lynch v Wells 114 CA 565]
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