Hood Ex Rel. North Carolina Bank & Trust Co. v. North Carolina Bank & Trust Co.

It is admitted that the shares of stock in question belonged to defendant’s testator, R. A. Brand, and that upon his death they passed to his executors under the provisions of his will. The will devises and bequeaths all of testator’s property, both real and personal, to his executors in trust to have and hold the same for the use and benefit of his wife, the defendant Margaret E. Brand, to pay to her the net income therefrom during the term of her natural life, and after her death the net income, “rents, profits, and interest,” to be paid to his three children, and at the death of his…