Cleveland Trust Co. v. Ingalls

Andrews, Chief Referee.

This ease concerns the right of a corporate trustee of a testamentary trust to retain as part of the trust estate an interest in a limited partnership assigned to it by the executors of the testator’s estate.

By Item Y of his will, Albert S. Ingalls, Jr., left his residuary estate in trust, designating The Cleveland Trust Company as trustee. The interest in the limited partnership was assigned to The Cleveland Trust Company as part.of the residuary estate distributed to the trustee by the executors.

The action is brought by The Cleveland Trust Company as trustee, seeking…