In re Guaranty Trust Co.

This proceeding (Civ. Prac. Act, art. 79) was commenced in the Spring of 1956 by Guaranty Trust Company (hereinafter referred to as “ Guaranty ” for the purpose of obtaining the court’s approval of a sale by Guaranty of the. securities of Universal Oil Products Company (hereinafter referred to as “Universal”), which constituted substantially all the corpus of a charitable trust of which Guaranty was the trustee. After many hearings before a Referee appointed ¡by the court, and after numerous proceedings *1063before the court (3 Misc 2d 390, 3 A D 2d 1, 16 Misc 2d 304, 16 Misc 2d 282,15 Misc 2d…