Goldstein v. Trustees of Sailors' Snug Harbor

The basic question presented by this submission is whether the testator intended that there should continue to be eight trustees to administer the charitable trust created by his will, of representative standing in the community, or whether the number was meant to be reduced progressively, in course of time, as the particular positions became abolished which were mentioned in the will as designating the persons to act as trustees. The law appears to be correctly stated in comment b of section 108 of the Restatement of the Law of Trusts, that “ If the settlor names several persons as trustees…