Legal Opinion
In re the Estate of Dimond
New York Surrogate's Court
Decided June 19, 1937PublishedCited by 2 opinions
1Opinion of the Court
Foley, S.
The principal objections filed to the account of the trustees in this proceeding relate to investments made by them in certain mortgage participations. Specifically, the objections are that the trustees, in making the investments, failed to comply with the terms of the testator’s will and the pertinent provisions of the Banking Law.
By his will the testator authorized his trustees to invest the funds of the estate upon “ bonds secured by mortgage on improved real property situate in the City of New York (provided the amount secured be not in their judgment more than sixty per cent.…
2Cases cited7 opinions
- Matter of KohlerNew York Court of Appeals · 1921
- In re the Judicial Settlement of the Intermediate Account of Proceedings of New Rochelle Trust Co.Appellate Division of the Supreme Court of the State of New York · 1937
- In Re the Accounting of New Rochelle Trust Co.New York Court of Appeals · 1937
- In re the Judicial Settlement of the Accounts of First Trust & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1935
- In re the Judicial Settlement of the Final Account of Proceedings of City Bank Farmers Trust Co.Appellate Division of the Supreme Court of the State of New York · 1937
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- President and Directors of Manhattan Co. v. KelbyCourt of Appeals for the Second Circuit · 1945
- In re the Accounting of Title Guarantee & Trust Co.New York Surrogate's Court · 1940