In re the Estate of Reed
New York Surrogate's Court
1Opinion of the Court
S. Samuel Di Falco, S.
In this proceeding to settle the intermediate account of the trustee, the petitioner requests instructions relating to power to sell certain shares of stock which had been owned by the testator and are still held by the trustee. The present value of these shares of stock represents more than 90% of the total trust assets. In article fifth of the will, the testator directed that the trustee ‘1 shall not sell any stock that I may own in the American Air Filter Company, Inc. * * * without the consent in writing of my wife, Mildred Cox Reed, or after the death of my wife * *…
2Cases cited1 opinion
- Loeb v. HasslacherAppellate Division of the Supreme Court of the State of New York · 1924