Grotenrath v. Grotenrath

The claim of the appellant is that the trustees were obligated to invest the trust estate in such securities as sec. 231.32, Stats., prescribes. The claim of respondents is that they were not required so to do because sec. 231.34, Stats., permits the trustees under a will to hold investments that were made by the testator in his lifetime. The statute cited is not so broad as the respondents claim. It only purports to authorize the carrying of such investments upon obtaining an order from the county court authorizing the holding of the same for such period of time as shall be designated in…