In Re the Accounting of Syracuse Trust Co.

Though the compromise agreement of January 7,1937, was made in violation of section 15 of the Personal Property Law and section 103 of the Real Property Law, the Surrogate’s decree of January 14, 1937, approving that agreement was nevertheless a conclusive adjudication of the validity thereof. The decree of January 14, 1937, was consented to by all parties in interest and no appeal therefrom was ever taken. Hence that decree was not open to the collateral attack that was made upon it by the appellants in this independent proceeding. (See Crouse v. McVickar, 207 N. Y. 213, 217; Schacht v.…