Legal Opinion

In re the Accounting of First Trust & Deposit Co.

Appellate Division of the Supreme Court of the State of New York

Decided April 29, 1953PublishedCited by 7 opinions

1Per curiam

Upon a prior appeal in this same accounting proceeding, this court held that the trustee should not be indemnified from the trust estate for the expense of legal services rendered and disbursements made which it had incurred in defending itself against charges of self-dealing. We also held that the trustee be surcharged individually for the expenses incurred by the objectants for legal services and disbursements in litigating the liability of the trustee arising out of the same acts of self-dealing (280 App. Div. 482). We gave no specific instructions for carrying out such directives, leaving…

2Cases cited3 opinions

  1. In re the Accounting of First Trust & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1952
  2. In re the Estate of ChisholmNew York Surrogate's Court · 1941
  3. In re the Estate of BartlettNew York Surrogate's Court · 1937

3Cited by7 opinions

  1. Nicholas v. Consolidated Edison Co.Appellate Division of the Supreme Court of the State of New York · 1984
  2. American Motorists Insurance v. North Country Motors, Ltd.Appellate Division of the Supreme Court of the State of New York · 1977
  3. Zigman v. McMackinNew York Supreme Court · 1957
  4. Harper-Malone Co. v. Reynolds & Co.Appellate Division of the Supreme Court of the State of New York · 1963
  5. Loew's Theatre & Realty Corp. v. 105 Second Avenue Enterprises, Inc.Appellate Division of the Supreme Court of the State of New York · 1968

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