Legal Opinion
Gerard v. Bank of New York & Trust Co.
New York Court of Appeals
Decided November 20, 1934PublishedCited by 9 opinions
1Opinion of the CourtO’Brien, J.
In the year 1874 plaintiff’s parents deposited with defendant’s predecessor The New York Life Insurance and Trust Company the sum of $3,000. The instrument by which this sum was acknowledged to have been received is denominated on its face as “ Trust of Accumulation ” and the conditions therein stated are: “ That the said company shall and will accumulate the said principal sum, by allowing compound interest thereon, at the rate of five (5%) per cent semi-annually; and the whole sum, principal and interest, so accumulated, to be paid to the said Trustees or the survivors of them or their…
2Cases cited5 opinions
- Jaffray v. . DavisNew York Court of Appeals · 1891
- Zander v. New York Security & Trust Co.New York Court of Appeals · 1904
- Nelson v. . Citizens' BankNew York Court of Appeals · 1922
- Nelson v. Citizens BankAppellate Division of the Supreme Court of the State of New York · 1920
- Gerard v. Bank of New York & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1934
3Cited by9 opinions
- National Union Fire Insurance v. Proskauer Rose Goetz & MendelsohnNew York Supreme Court · 1994
- In re GoodchildNew York Surrogate's Court · 1936
- McLean v. GreenMississippi Supreme Court · 1972
- Concord Real Estate Cdo 2006-1, Ltd. v. Bank of America N.A.Court of Chancery of Delaware · 2010
- Keybro Enterprises v. Four Seasons Country Club Caterers, Inc.Appellate Division of the Supreme Court of the State of New York · 1966
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