In re the Estate of Morron

Joseph A. Cox, S.

In this trustees’ accounting a question is presented as to the allocation of three stock dividends.

The will was executed on April 13, 1948 with a codicil thereto executed on March 8, 1949 so that section 17-a of the Personal Property Law applies. That section requires that the stock dividends be treated as principal unless otherwise provided in the will.

The will does otherwise provide for the fifth paragraph of article “ Eleventh ” reads: '‘ I authorize my Trustees to treat all stock dividends and extraordinary cash dividends as income regardless of the fact that such…