Bank of Boston Connecticut v. Ray, No. 0122434 (Apr. 13, 1995)

[EDITOR'S NOTE: This case is unpublished as indicated by the issuing court.]MEMORANDUM OF DECISION In this case the plaintiff bank as fiduciary has brought a declaratory judgment action to determine whether or not the Lilley trust should be terminated and if so, to whom its corpus should be distributed. The counter claimants contend that the bank breached its fiduciary duty to them in permitting dissolution of a real estate holding corporation which the trust instrument contemplated would be kept extant until termination of the trust to permit distribution of the corpus to the stockholders of…