Staley v. Safe Deposit & Trust Co.
Court of Appeals of Maryland
1Opinion of the CourtMarkell, J.
This is an appeal from a declaratory decree construing a trust agreement, dated October 18, 1934, between Augustus E. Staley, of Decatur, Illinois (now deceased), donor, and Safe Deposit and Trust Company of Baltimore, trustee, and Augustus E. Staley, Jr., of Decatur, co-trustee. All the trust estate is held by the trustee. Originally all, and now almost all, of it consists of stock of the A. E. Staley Manufacturing Company. The value of the estate is now about $4,500,000, the annual income about $100,000. The life beneficiary is Andrew Rollin Staley, appellant, one of the donor’s five…
2Cases cited20 opinions
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