Commercial Trust Co. v. Millard
New Jersey Court of Chancery
1Opinion of the Court
On October 19th, 1922, Jay Gould entered into a trust agreement with Commercial Trust Company of New Jersey and S. Neilson Rice as trustees. This agreement was amended on November 10th, 1922. (It is not necessary to set out the entire provisions of these trust agreements for the purposes of this case.) By this trust Jay Gould reserved the right to receive the income of the funds set up during his lifetime. Upon his death the principal of the trust fund was to be paid to the lawful descendants of the said Jay Gould as designated by his will or, if he failed to so designate, then the fund was…
2Cases cited6 opinions
- Turner v. ColeSupreme Court of New Jersey · 1935
- Farmers' Loan & Trust Co. v. WinthropNew York Court of Appeals · 1924
- Gaede v. CarrollSupreme Court of New Jersey · 1933
- Hackett v. Bankers Trust Co.Supreme Court of Connecticut · 1936
- Farmers' Loan & Trust Co. v. WinthropAppellate Division of the Supreme Court of the State of New York · 1923
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3Cited by17 opinions
- Seattle-First National Bank v. MacOmberWashington Supreme Court · 1949
- Morristown Trust Co. v. ChildsNew Jersey Court of Chancery · 1940
- Fidelity Union Trust Co. v. SuydamNew Jersey Court of Chancery · 1939
- McLaughlin v. GreenSupreme Court of Connecticut · 1949
- United States Trust Co. of New York v. SearsDistrict Court, D. Connecticut · 1939
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