In re Myer

From an order of Special Term vacating an execution and levy by the sheriff on trust property, the judgment creditors, who procured the levy, appeal.

The judgment debtors are Jerome, Philip and Bernard Myer as trustees for their father Julius Myer under a trust the father created in 1942, making himself sole beneficiary of the income during his life and his said three sons, the trustees, remainder-men. The only property in the trust is a certificate for 50% of the stock of Myer 1890 Bottling Co., Inc. The judgment debtors as trustees are the legal owners of this 50% interest. The remaining 50%…