Major v. State Street Bank & Trust Co.

The issue on this bill for declaratory relief, reported from the Superior Court, is whether upon consolidation in 1961 of State Street Bank and Trust Company (State Street Bank) with Rockland-Atlas National Bank (Rockland-Atlas Bank), under G. L. c. 172, § 44, and c. 156, § 46B, and 12 U. S. C. §§ 21A-214c, 321 (1958), the State Street Bank was “absorbed by, merged with, or controlled by any other banking institution” so that, pursuant *442to the provision of a declaration of trust made in 1933, under which, in 1961, State Street Bank was a successor corporate trustee, a majority of the adult…