In re the Accounting of Genesee Valley Union Trust Co.

The Genesee Valley Union Trust Company, as trustee of an inter vivos trust established under agreement with Adele H. Clark, made on May 17, 1938, seeks construction of said agreement and approval of its final account thereunder. The trust was established upon the transfer to the trustee of 250 shares of common stock of Eastman Kodak Company. The trust agreement provided that the trustee should pay the net income to the grantor’s sister, Jennie H. MacMillan, for life, and upon her death to pay the principal to the respondent, now known as Rochester Institute of Technology. The life beneficiary…