Legal Opinion

In re proceedings under the Mortgage Guaranty Corporations' Rehabilitation Act

New Jersey Court of Chancery

Decided March 7, 1945No. Docket 99/590Published

1Opinion of the Court

Stein, Y. C.

This matter comes before this court bv reason of objections made to the proposal of the Fidelity Union Trust Company, as trustee appointed by an order of this court dated December 10th, 1935, to sell a purchase-money mortgage it acquired under the circumstances hereinafter related for the full balance remaining due thereon and to deduct from the proceeds of such sale two per cent, on the principal collected by the trustee during the course of the administration as and for its commissions on corpus. The estate of Louis Elleau, deceased, holding 15,000/48,750tbs in interest, is the…

2Cases cited19 opinions

  1. Fanning v. GregoireSupreme Court of the United States · 1854
  2. Commercial Trust Co. of N.J. v. SpiegelbergNew Jersey Court of Chancery · 1934
  3. Babbitt v. Fidelity Trust CompanyNew Jersey Superior Court Appellate Division · 1907
  4. Baydrop v. Second National BankSupreme Court of Connecticut · 1935
  5. Titsworth v. TitsworthNew Jersey Court of Chancery · 1931

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