In re the Estate of Dalley

In a proceeding to judicially settle the account of the trustees under the will of John W. Dailey, deceased, and to construe said will, Lawrence G. Williams, as a successor trustee of the trust created thereby, appeals from so much of a decree of the Surrogate’s Court, Rockland County, entered June 14, 1963 upon the Acting Surrogate’s decision, as adjudged that the original trustees or their successors were without power: (a) to retain or make other than legal investments; (b) to retain certain real property in the trust; or (c) to retain certain common stocks of corporations while the…