Union & New Haven Trust Co. v. Taintor
Supreme Court of Connecticut
Suit to determine the rights of the respective beneficiaries under the will of Mary C. Wakeman of South-port, deceased, brought to and reserved by the Superior Court in New Haven County {Holcomb, J.), upon issues presented by the facts stated in the complaint and admitted by the several answers of the defendants, for the advice of this court.
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Suit to determine the rights of the respective beneficiaries under the will of Mary C. Wakeman of South-port, deceased, brought to and reserved by the Superior Court in New Haven County {Holcomb, J.), upon issues presented by the facts stated in the complaint and admitted by the several answers of the defendants, for the advice of this court. Mary C. Wakeman of Southport died April 17th, 1909, leaving a will, duly admitted to probate, and by it gave an aliquot part of her residuary estate to her son Jesup Wakeman, and by the fifth article of the second codicil of her will she provided as…
1Opinion of the CourtGeorge W. Wheeler, J.
Upon the admitted facts the Delaware, Lackawanna and Western Railroad Company purchased, with its earnings, certain stock of the Lackawanna Railroad Company which it held among its assets. It declared a thirty-five per cent, dividend on its capital stock by distributing the stock of the Lackawanna Railroad Company so held by it to its stockholders. The stock thus distributed ceased to be a part of the surplus assets of the Delaware, Lackawanna and Western Railroad Company, and passed from its control and ownership. Such a dividend has all of the characteristics of a cash dividend. The fact…
2Cases cited5 opinions
- Smith v. DanaSupreme Court of Connecticut · 1905
- Green v. BissellSupreme Court of Connecticut · 1907
- Boardman v. MansfieldSupreme Court of Connecticut · 1907
- Bishop v. Bishop.Supreme Court of Connecticut · 1909
- Stamford Trust Co. v. Yale & Towne Manufacturing Co.Supreme Court of Connecticut · 1910
3Cited by12 opinions
- Griffith v. AdamsSupreme Court of Connecticut · 1927
- Union & New Haven Trust Co. v. SherwoodSupreme Court of Connecticut · 1929
- Klopot v. NorthrupSupreme Court of Connecticut · 1944
- Krug v. Mercantile Trust & Deposit Co.Court of Appeals of Maryland · 1918
- Wehrhane v. PeytonSupreme Court of Connecticut · 1947
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