Robert W. Traip Academy v. Staples

POMEROY, Justice.

Robert W. Traip Academy, a corporate trustee of various trusts, has brought this complaint pursuant to 14 M.R.S.A. 6051(10), alleging there is doubt and seeking direction as to the “mode of executing a (the) trust(s) and the expediency of making changes and investments of property held in trust.”

Evidence has been received by a Justice of this Court sitting in the Superior Court. In the judgment of such Justice, “this action involves questions of law of sufficient importance and doubt as to justify reporting this action to the Law Court.”

All parties have agreed to such report…