Chemical Bank & Trust Co. v. Streat

The plaintiff, Chemical Bank and Trust Company, as successor of the Chemical National Bank of New York, trustee under a certain trust agreement made by James Streat, brings the present action for an accounting by said plaintiff, as trustee under the trust agreement dated April 10, 1924, executed by the said James Streat as settlor. Upon this appeal we are called upon to construe the terms of the trust agreement and particularly as to the propriety of certain payments of income upon the trust fund made by the trustee to the committee of Bertha Streat, a sister of the settlor, between December…