Stanton v. Preis

WOOD (Fred B.), J.

Two of the beneficiaries of a testa- . mentary trust instituted a proceeding against the other beneficiaries, the contingent remaindermen, and the trustees, to modify the terms of the trust by removing certain investment limitations, including the deletion of the requirement that investments be limited to federal, state and municipal bonds, and other bonds (excluding those of foreign governments or municipalities) rated at least “AA” by Moody’s Investors Service, and to substitute therefor the power to invest in such notes, bonds, mortgages, trust deeds, debentures,…