Legal Opinion
In re the Accounting of Bank of New York & Fifth Avenue Bank
New York Surrogate's Court
Decided December 6, 1950PublishedCited by 9 opinions
1Opinion of the Court
Collins, S.
The prior decision of the court held, in part, that the corporate trustee was authorized by decedent’s will to invest in legal investments including units of participation in a legal common trust fund maintained by the trustee pursuant to section 100-c of the Banking Law (Matter of Peck, 198 Misc. 395). The amendment of section 21 of the Personal Property Law, made by chapter 464 of the Laws of 1950, effective July 1, 1950, does not disturb the prior decision of the court but the amendment has posed further problems as to the exercise of the *1053investment powers of the trustee. The…
2Cases cited8 opinions
- In re National Commercial Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1940
- In Re the Will of CarnellNew York Court of Appeals · 1940
- In re the Accounting of Bank of New YorkNew York Surrogate's Court · 1946
- In Re New York, Westchester & Boston Railway Co.New York Court of Appeals · 1908
- In re the Estate of MullerNew York Surrogate's Court · 1935
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- In re the Accounting of Bankers Trust Co.New York Surrogate's Court · 1953
- In re the Accounting of BenderNew York Surrogate's Court · 1951
- In re the Accounting of MayerNew York Surrogate's Court · 1952
- In re the Construction of the Will of SutroNew York Surrogate's Court · 1951
- In re the Construction of the Will of PettitNew York Surrogate's Court · 1956
4 more not listed; retrieve them via the Exa API.