Mattocks v. Moulton
Supreme Judicial Court of Maine
On retort. The case is stated in the opinion. So tar as the report shows, the investment in stock of the corporation was a sound one at the time it was made. It also appears that the trustee acted with good judgment and a sound discretion and in good faith which would be all that could be required of him under the terms of an ordinary will. Lovell v. Minot, 20 Pick. 117. A savings bank investment.
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On retort. The case is stated in the opinion. So tar as the report shows, the investment in stock of the corporation was a sound one at the time it was made. It also appears that the trustee acted with good judgment and a sound discretion and in good faith which would be all that could be required of him under the terms of an ordinary will. Lovell v. Minot, 20 Pick. 117. A savings bank investment. E. S., c. 47, § 99. Perry Trusts, § 459 ; Clark v. Garfield, 8 Allen, 427 ; Emery v. Batchelder, 78 Maine, 233. The English rule of investing-in government funds is not law in this country except in…
1Opinion of the CourtEmery, J.
Cynthia C. Beale, in her last will after making sundry particular legacies, devised the remainder of her estate to the executor and trustee therein named, "in trust, however, for the following purposes, that is to say: said trustee shall take, hold, raanag'e and invest all the estate which shall come to his hands and possession under this clause of my will, in such manner as he shall deem for the best interest of all concerned therein, and shall keep the same so invested till Edmund Kim-ball shall reach the age of thirty years,” at which date the trustee was to turn the estate over to him.
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2Cases cited7 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- Adair v. . BrimmerNew York Court of Appeals · 1878
- DickinsonMassachusetts Supreme Judicial Court · 1890
- Bowker v. PierceMassachusetts Supreme Judicial Court · 1881
- Brown v. FrenchMassachusetts Supreme Judicial Court · 1878
2 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Clark v. ClarkSupreme Court of Georgia · 1928
- Cornet v. CornetSupreme Court of Missouri · 1916
- Penn v. FoglerIllinois Supreme Court · 1899
- Pabst v. GoodrichWisconsin Supreme Court · 1907
- Bartlett v. DumaineSupreme Court of New Hampshire · 1986
20 more not listed; retrieve them via the Exa API.