Equitable Trust Co. v. Union National Bank

The Chancellor:

This is a bill for instructions, filed by the Equitable Trust Company, the grantee in two several deeds of trust. A, who has now been found to be a lunatic by certain proceedings taken pursuant to the order of this court, is the ultimate taker of the corpus of both funds, clear of any trust provisions, whatsoever. The income arising therefrom is, however, payable to certain other named persons during their lives, or the life of the survivor. At the time of the creation of these trusts, the corpus consisted of certain invested securities which were assigned and granted to the…