Albright v. Jefferson County National Bank
New York Court of Appeals
I. The Official Referee correctly held that the securities corporation was neither the alter ego of nor a department of the bank. (.People v. American Bell Tel. Go., 117 N. Y. 241; Stone v. Cleveland, G., Chicago & St. L. By. Go., 202 N. Y. 352; Brock v. Poor, 216 N. Y. 387; Elenkreig v. Siebrecht, 238 N. Y. 254; Berkey v. Third Ave. By. Go., 244 N. Y. 84; Lowendahl v. B. & O. B. B. Go., 247 App. Div. 144, 272 N. Y. 360; Matter of Lawyers Mtge.
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I. The Official Referee correctly held that the securities corporation was neither the alter ego of nor a department of the bank. (.People v. American Bell Tel. Go., 117 N. Y. 241; Stone v. Cleveland, G., Chicago & St. L. By. Go., 202 N. Y. 352; Brock v. Poor, 216 N. Y. 387; Elenkreig v. Siebrecht, 238 N. Y. 254; Berkey v. Third Ave. By. Go., 244 N. Y. 84; Lowendahl v. B. & O. B. B. Go., 247 App. Div. 144, 272 N. Y. 360; Matter of Lawyers Mtge. Go. [8718 Ridge Blvd.], 284 N. Y. 371; Boss v. Jacobowits, 216 App. Div. 184; Matter of Watertown Paper Go., 169 F. 252; Esmond Mills v. Commr. of…
1Opinion of the Court
Lehman, Ch. J.
The defendant hank was appointed trustee under a deed of trust executed by Alexander Copley in May, 1924, and a deed of trust executed by him in November, 1926. In 1938, after the death of the settlor, the beneficiary and the remainderman of the trust created by the settlor brought this action to compel the trustee to render an account of its acts, conduct and proceedings. The plaintiffs allege in their complaint, “ upon information and belief, the defendant herein, in violation of its duty as Trustee of the aforesaid trust, has improperly, improvidently and unlawfully…
2Cases cited3 opinions
- Wendt v. FischerNew York Court of Appeals · 1926
- Munson v. Syracuse, Geneva & Corning R. R. Co.New York Court of Appeals · 1886
- In Re the Accounting of Title Guarantee & Trust Co.New York Court of Appeals · 1943
3Cited by20 opinions
- Birnbaum v. BirnbaumNew York Court of Appeals · 1989
- In re the Estate of RothkoNew York Surrogate's Court · 1975
- In Re the Accounting of New York Trust Co.New York Court of Appeals · 1945
- Hutchings v. Louisville Trust CompanyCourt of Appeals of Kentucky (pre-1976) · 1954
- Buffalo Electric Co. v. StateNew York Court of Appeals · 1964
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