Hyland v. Standiford

This is an action in equity to determine the ownership and right to possession of shares of stock of American Telephone and Telegraph Company. The facts are not in material dispute. The conclusions to be drawn therefrom present the issue.

A trust estate created by residents of California provided for its termination after the death of a beneficiary for life. It was then provided, “Upon such termination, the entire principal of the trust estate, or so much thereof as then remains, together with any undistributed income therefrom, shall be distributed to Benjamin Edgar Standiford', of Northboro,…