Legal Opinion
In re the Accounting of Terry
New York Surrogate's Court
Decided March 16, 1956PublishedCited by 2 opinions
1Opinion of the Court
Hazleton, S.
In the accounting proceeding brought by the former Public Administrator of Suffolk County, this court held that the sale of shares of stock of the Peoples National Bank of Patchogue, owned by the estate, to any officer, director, stockholder or employee of said bank or to a spouse of any of said group, was improper and voidable. The present Public Administrator was instructed to take such steps as might be necessary to rescind such sales to those enumerated in said group (see Matter of Krabbe, 1 Misc 2d 810).
The important question has arisen whether the present Public…
2Cases cited25 opinions
- Claim of Raymond v. Estate of DavisNew York Court of Appeals · 1928
- Accounting of Parascandola v. National Surety Co.New York Court of Appeals · 1928
- In Re the Judicial Settlement of the Account of RandallNew York Court of Appeals · 1897
- In re the Public AdministratorNew York Court of Appeals · 1955
- In re FlanaganNew York Surrogate's Court · 1929
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3Cited by2 opinions
- In re the Estate of RothkoNew York Surrogate's Court · 1972
- In re the Accounting of BourneNew York Surrogate's Court · 1957