Wilmington Trust Co v. Worth

The Chancellor:

The first question for consideration is • whether the trustees are vested with discretionary power with respect to the investing and re-investing of the trust funds. Specifically, the trustees desire to be instructed upon whether they are confined in the matter of investments to so-called “legáis,” or may they in their discretion step outside of the “legáis” and invest in such securities as in the exercise of their discretion they deem to be desirable for the investment of the trust principal.

Upon the assumption that the answer to this question may be thought by the court to…