Legal Opinion
In re the Construction of an Indenture Made by Edison
New York Supreme Court
Decided May 15, 1956PublishedCited by 5 opinions
1Opinion of the Court
William O. Hecht, Jb., J.
Petitioner, in this article 79 proceeding, seeks the construction of a trust indenture and instructions as to whether the trustee thereunder may invest the trust fund in investments of the type prescribed for trustees from time to time by the laws of the State of New York.
By the trust indenture, the grantor transferred to the trustee certain United States Treasury 4%% bonds maturing in 1952. The indenture provided that if the life beneficiary survived the maturity of the securities forming the corpus of the trust, the proceeds were to be reinvested in highest grade…
2Cases cited4 opinions
- In re the Estate of HamersleyNew York Surrogate's Court · 1934
- In re the Accounting of Central Hanover Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1951
- In re the Accounting of Bankers Trust Co.New York Surrogate's Court · 1953
- In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1955
3Cited by5 opinions
- In re the Estate of NevinsNew York Surrogate's Court · 1957
- In re the Estate of RyanNew York Surrogate's Court · 1957
- In re the Estate of SykesNew York Surrogate's Court · 1965
- In re the Estate of ThompsonNew York Surrogate's Court · 1962
- In re the Second Intermediate Accounting of Hanover BankNew York Supreme Court · 1960