Chase Manhattan Bank v. Schneider

*519The opinion of the court was delivered by

Francis, J.

The issue to be decided in this cause is whether plaintiffs, who are executors and trustees of decedent’s estate, are entitled to double commissions on income which came into their hands as executors and was then transferred to themselves as trustees. The trial court denied the request but the Appellate Division concluded that such a grant was mandatory under N. J. S. 3A:10-2. 61 N. J. Super. 50 (1960). We granted certification on application of one of the trust beneficiaries. 33 N. J. 114 (1960).

Bernard R. Armour died leaving a will under…