Legal Opinion
In re the Accounting of Bankers Trust Co.
New York Surrogate's Court
Decided December 12, 1955PublishedCited by 2 opinions
1Opinion of the Court
William T. Collins, S.
In connection with its first intermediate accounting the trustee requests a construction of the language used in the will in determining the proper allocation of two certain stock dividends. Testatrix died in 1948. In paragraph Tenth of her will she stated: 11 All stock or extraordinary cash dividends and the value of all rights to subscribe to new securities of any corporation in which my said estate is interested shall be considered income. ’ ’
On May 1, 1954 the trustee received 200 shares of American Can Company common stock and on December 1,1954 it received 100…
2Cases cited3 opinions
- Equitable Trust Co. v. PrenticeNew York Court of Appeals · 1928
- In Re the Accounting of LloydNew York Court of Appeals · 1944
- In re the Construction of the Will of ChapmanNew York Surrogate's Court · 1955
3Cited by2 opinions
- In re Bankers Trust Co.New York Supreme Court · 1957
- In re the Intermediate Accounting of Hanover BankNew York Surrogate's Court · 1958