Klein's Estate

Makx, P. J.,

Two petitioning trustees deny the authority and repudiate the act of their corporate cotrustee in exchanging with itself, in another capacity, assets of this estate. They seek restoration of the assets.

By decree of May 17, 1930, under the will of Conrad Klein, deceased, there came into the hands of Lucy E. Klein, Frederick Hunter Klein, and The Reading National Bank & Trust Company, testamentary trustees, $969,313.38. Before the decree, the cash had been invested in bonds and mortgages, and the trustees accepted those in lieu of cash. On December 10, 1931, the mortgages thus…