Legal Opinion

In re Instructions of Chase Manhattan Bank

New York Supreme Court

Decided December 7, 1956PublishedCited by 1 opinion

1Opinion of the CourtMorris Eder, J.

Petitioners and respondents move with respect to the referee’s report to confirm what is favorable, and disaffirm what is unfavorable, to their respective interests. The court adopts the recommendations made by the referee at the conclusion of his exhaustive report save as to the income tax surcharge item, the applicable facts of which do not appear to have been presented to him in complete form.

The principal issue relates to a surcharge in the amount of $25,445.27 for improper investments in “ non-legals ” by the deceased trustee.

The trust indenture dated May 20, 1932 empowered the trustee,…

2Cases cited9 opinions

  1. King v. . TalbotNew York Court of Appeals · 1869
  2. Barnard v. . GantzNew York Court of Appeals · 1893
  3. In Re the Judicial Settlement of the Accounts of HallNew York Court of Appeals · 1900
  4. Schoellkopf v. Marine Trust Co.New York Court of Appeals · 1935
  5. Delap v. LeonardAppellate Division of the Supreme Court of the State of New York · 1919

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3Cited by1 opinion

  1. Findley v. Blinken (In Re Joint Eastern & Southern District Asbestos Litigation)District Court, S.D. New York · 1991

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