Legal Opinion

MacRae v. Commerce Union Trust Co.

Supreme Court of North Carolina

Decided November 12, 1930PublishedCited by 7 opinions

1Opinion of the CourtStacy, C. J.

The determinative question is whether the interests created by the limitations in the deed of settlement to the feme plaintiff’s children or remoter issue are vested or contingent. We think they are contingent.

It is provided by C. S., 996, as amended by chapter 305, Public Laws 1929, inter 'alia, that any grantor, maker or trustor who has heretofore created or may hereafter create a voluntary trust estate in real or personal property for the benefit of himself, or any other person in esse, with a future contingent interest to some person or persons not in esse, or not determinable until the…

2Cases cited4 opinions

  1. Ziegler v. . LoveSupreme Court of North Carolina · 1923
  2. Stanback v. Citizens National Bank of RaleighSupreme Court of North Carolina · 1929
  3. Collins Ex Rel. Collins v. Norfleet-Baggs, Inc.Supreme Court of North Carolina · 1929
  4. McCormick v. . CrottsSupreme Court of North Carolina · 1930

3Cited by7 opinions

  1. MacMillan v. Branch Banking & Trust Co.Supreme Court of North Carolina · 1942
  2. Reynolds v. CommissionerCourt of Appeals for the Fourth Circuit · 1940
  3. City of Washington v. EllsworthSupreme Court of North Carolina · 1960
  4. Durner v. . Hood, Comr. of BanksSupreme Court of North Carolina · 1934
  5. Wachovia Bank & Trust Co., N.A. v. SevierCourt of Appeals of North Carolina · 1979

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