in the Matter of the Construction of the Will of Jesse Winburn

Slater, S.

The testator caused the Bronxville Golf Association, Inc., to be incorporated December 4, 1924. Its capital stock was $200,000, paid in by and the entire stock was issued to the decedent. Certain lands were bought by the corporation in May, 1925, and later subdivided and sold. Land at Rye, N. Y., the subject of the instant question, was contracted for by the decedent’s agent on November 19, 1926, and title thereto was taken in the name of the corporation on January 10, 1927. The money for its purchase was provided by the decedent. His check was to the corporation, and the company in…