Chenango County National Bank & Trust Co. v. Lyon

The plaintiff brings this action seeking a judicial settlement of its accounts as trustee under a trust agreement, dated June 30, 1925, by the terms of which it received certain securities and administered the same, paying the income to Mary H. Lyon until her death on November 26, 1946. By the terms of the instrument, upon her death the remainder was to go to Edward B. Lyon or his estate. The validity of the original trust is apparently at issue and, if it be a valid trust, the ownership of the remainder, after the death of Mary H. Lyon, is at issue. The defendant Harold S. Lyon claims…