In re the Estate of Simons

S. Samuel DiFalco, S.

The guardian ad litem of an infant beneficiary objects to the actions of the trustees in permitting a firm of stockbrokers to keep in their possession certificates for shares of stock which are in the name of a nominee of the brokers, or, as the guardian ad litem puts it, in “ street names,” *551The trustees defend their action on the basis of a provision in article fifth of the will, which authorizes and empowers the trustees to ‘ ‘ hold any security in bearer form in their discretion and/or to register any security held by them hereunder in their own name or in the name of…