In re the Accounting of MacFarlane

Feely, S.

TMs testatrix by her last will, datezd March 3,1928, bequeathed to three stockholder employees, Mr. Streeter, Mr. Saunders, and Miss Terkes, her majority interest in two “ Dennis ” corporations engaged respectively, one in the making, and the other in the selling, of candy.

She died in November of 1936, and on October 31, 1940, a decree was entered judicially settling the executor’s account to that date. Some of the assets then remained to be liquidated. Two months after that decree the bequeathed stock in those two going concerns was turned over to the three employee-legatees…