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Legal Opinion

National Geographic Society v. Williams

Court of Appeals of Tennessee

Decided November 28, 1972PublishedCited by 1 opinion

1Opinion of the Court

NEARN, Judge.

The main issue presented by this appeal is whether stock dividends representing corporate net earning received by a Trust created prior to March 1, 1955, are to be treated as income or corpus.

Appellant, National Geographic Society, is one of two equal contingent remainder-men beneficiaries of a testamentary Trust established by the Will of David Hitt Williams who died in 1929. Appellee, Eugenia Floride Williams is the Trustee of said Trust as well as the life income beneficiary thereof. James Patrick Roddy, Jr. is the other contingent remainderman. Miss Williams became the…

2Cases cited8 opinions

  1. Minot v. PaineMassachusetts Supreme Judicial Court · 1868
  2. Earp's AppealSupreme Court of Pennsylvania · 1857
  3. Hite's Devisees v. Hite'sCourt of Appeals of Kentucky · 1892
  4. Pritchitt v. Nashville Trust Co.Tennessee Supreme Court · 1896
  5. Molloy v. City of ChattanoogaTennessee Supreme Court · 1950

3 more not listed; retrieve them via the Exa API.

3Cited by1 opinion

  1. Edwards v. Tennessee Baptist Children's HomeTennessee Supreme Court · 1976

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