Legal Opinion
In re the Accounting of Hanover Bank
New York Surrogate's Court
Decided January 19, 1956PublishedCited by 2 opinions
1Opinion of the Court
Hazleton, S.
In this accounting proceeding by the Hanover Bank as trustee, the objectants seek to surcharge the trustee with losses allegedly arising out of its imprudent and negligent management.
However, in a prior intermediate accounting proceeding, the trustee had accounted for its actions for the period from March 27, 1922, when it received the securities from the estate of the decedent, to May 25, 1934. The decree settling that account was entered on October 30,1934. Much of the shrinkage in value of the investments complained of by objectants in this instant proceeding had occurred in…
2Cases cited6 opinions
- Rudd v. . CornellNew York Court of Appeals · 1902
- In Re the Accounting of Title Guarantee & Trust Co.New York Court of Appeals · 1943
- In re the Judicial Settlement of the Account of the Long Island Loan & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1904
- In Re the Accounting of First Trust & Deposit Co.New York Court of Appeals · 1932
- In re the Accounting of Guaranty Trust Co.New York Surrogate's Court · 1945
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- In re the Estate of PayneNew York Surrogate's Court · 1958
- In re the Accounting of Manufacturers Trust Co.New York Supreme Court · 1957