Legal Opinion
In re the Construction of the Will of Pettit
New York Surrogate's Court
Decided March 13, 1956PublishedCited by 3 opinions
1Opinion of the Court
George Frankenthaler, S.
In this proceeding the court is called upon to construe the testator’s direction, in a will admitted to probate in 1930, that his trustees invest “ in such securities and investments as are recognized by the law of the State of New York relating to investments by trustees and savings banks.” *714As a result of a recent modification, it has been held that section 235 of the Banking Law, which regulates investments by savings banks, cannot govern trust investments. (Matter of Peck, 199 Misc. 1051; Matter of Uhlich, 123 N. Y. S. 2d 891; Matter of Walbridge, 138 N. Y. S. 2d…
2Cases cited3 opinions
- In re the Accounting of Bankers Trust Co.New York Surrogate's Court · 1953
- In re the Accounting of Bank of New York & Fifth Avenue BankNew York Surrogate's Court · 1950
- In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1955
3Cited by3 opinions
- In re the Estate of NevinsNew York Surrogate's Court · 1957
- In re the Second Intermediate Accounting of Hanover BankNew York Supreme Court · 1960
- In re the Intermediate Accounting of ClayNew York Surrogate's Court · 1959