Estate trustees sought repayment of an equitable interest in a property purchased by the defendants with funds advanced by the deceased, claiming a resulting trust.
The defendants argued the claim was statute-barred and that the funds were resolved by a share distribution.
Both parties sought summary judgment.
The court granted summary judgment to the defendants, dismissing the action, finding the claim for a resulting trust in real property was statute-barred by the 10-year limitation period under section 4 of the Real Property Limitations Act, with the right to action accruing at the time the trust was created or, at the latest, when the property was sold.
