Bryan v. Aikin
Court of Chancery of Delaware
Bill for Instructions to Trustees. The bill was filed by Mahlon Bryan, et al., trustees under the will of James C. Aikin, deceased, for instructions as to the disposition of shareá of stock of the Delaware Railroad Company issued to and received by the trustees as holders of certain shares of the stock of the company.
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Bill for Instructions to Trustees. The bill was filed by Mahlon Bryan, et al., trustees under the will of James C. Aikin, deceased, for instructions as to the disposition of shareá of stock of the Delaware Railroad Company issued to and received by the trustees as holders of certain shares of the stock of the company. James C. Aikin died in July, 1884, and by the general residuary clause gave the residue of his estate to trustees, in trust, in substance that the testator’s widow should receive the interest, dividends, rents and income of the trust estate for her life, and. after her death to…
1Opinion of the Court
The Chancellor.
The bill in this case was filed by testa-
mentary tmstees seeking instructions whether shares of stock distributed by the Delaware Railroad Company, under the circumstances set forth in the statement of the case, belong to the life tenant or are to be held by the tmstees as part of the corpus of the estate. Certain facts are established respecting the new shares: (1) They were part of an increased issue of shares of capital stock described as representing (and in fact representing) earnings of the company which had theretofore been expended by the company in permanently…
2Cases cited26 opinions
- Gibbons v. MahonSupreme Court of the United States · 1890
- Minot v. PaineMassachusetts Supreme Judicial Court · 1868
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- McLouth v. . HuntNew York Court of Appeals · 1897
- Hite's Devisees v. Hite'sCourt of Appeals of Kentucky · 1892
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3Cited by9 opinions
- Cochran v. ShetlerSupreme Court of Pennsylvania · 1926
- Moskowitz v. BantrellSupreme Court of Delaware · 1963
- Moskowitz v. BantrellCourt of Chancery of Delaware · 1963
- Rhode Island Hospital Trust Co. v. BradleySupreme Court of Rhode Island · 1918
- IBEW Local Union 481 Defined Contribution Plan and Trust v. Raymond E. WinborneCourt of Chancery of Delaware · 2023
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