Legal Opinion

In re the Estate of Stein

New York Surrogate's Court

Decided August 2, 1960Published

1Opinion of the Court

Joseph A. Cox, S.

In this discovery proceeding the sole surviving executor seeks to compel delivery by the Commercial Bank of North America of assets allegedly belonging to the estate. The United States of America has been made a party, has appeared and filed its answer.

Decedent in his lifetime guaranteed a loan made by the bank to a corporation of which he was the sole stockholder and delivered United States Treasury bonds as collateral. Subsequent to decedent’s death the loan was reduced to $23,250. The collateral is in the amount of $35,000. The bank now holds $7,141.49 deposited in the…

2Cases cited6 opinions

  1. Sowell v. Federal Reserve Bank of DallasSupreme Court of the United States · 1925
  2. Fargo v. . SquiersNew York Court of Appeals · 1897
  3. Farmers' Loan Trust Co. v. . KipNew York Court of Appeals · 1908
  4. Rice v. . HarbesonNew York Court of Appeals · 1876
  5. In re the Estate of Van ZandtNew York Surrogate's Court · 1931

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