Legal Opinion

Chase National Bank v. Chicago Title & Trust Co.

Appellate Division of the Supreme Court of the State of New York

Decided December 27, 1935PublishedCited by 25 opinions

1Opinion of the CourtMcAvoy, J.

Plaintiff brought an accounting action to settle its accounts as trustee under an inter vivos trust.

The trust instrument was executed by John D. Rockefeller on July 3, 1917, and provided that upon the death of the life beneficiary, Edith Rockefeller McCormick, the principal should be distributed as she might appoint by last will and testament among her descendants and charitable corporations. In default of appointment by her, the trust instrument directed the trustee to divide the principal into such number of equal shares as there should be children of Mrs. McCormick surviving her and to…

2Cases cited3 opinions

  1. Farmers' Loan Trust Co. v. . MortimerNew York Court of Appeals · 1916
  2. Belmont v. . O'BrienNew York Court of Appeals · 1855
  3. Chase National Bank v. Chicago Title & Trust Co.New York Supreme Court · 1935

3Cited by25 opinions

  1. In re MatthewsAppellate Division of the Supreme Court of the State of New York · 1938
  2. In re the Estate of BerwindNew York Surrogate's Court · 1943
  3. In re SpitzmullerAppellate Division of the Supreme Court of the State of New York · 1951
  4. Doty v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1945
  5. In re the Estate of TalbotNew York Surrogate's Court · 1939

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