Legal Opinion
Baird v. Peoples Bank Trust Co.
New Jersey Court of Chancery
Decided August 19, 1943No. Docket 139/156PublishedCited by 4 opinions
1Opinion of the Court
The bill is filed by beneficiaries of the residuary trust under the will of Robert R. Sinclair, deceased, against the trustees thereof, Peoples Bank and Trust Company and Lloyd Thompson. The purpose of the suit is to charge the trustees for alleged improper investments.
The defendants object that there is a lack of necessary parties. Testator's children, Shirley Sinclair Baird and Robert Rees Sinclair, are life tenants of the trust and the primary remaindermen are their surviving husband, wife and issue. In the event the longer-lived of the two, Shirley and Robert, is not survived by husband…
2Cases cited11 opinions
- Gates v. Plainfield Trust Co.New Jersey Court of Chancery · 1937
- Gates v. Plainfield Trust Co.Supreme Court of New Jersey · 1937
- In Re the Accounting of StupackNew York Court of Appeals · 1937
- Shanley v. Fidelity Union Trust Co.New Jersey Court of Chancery · 1927
- Rothenberg v. Franklin Washington Trust Co.New Jersey Court of Chancery · 1940
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3Cited by4 opinions
- George C. Matthies v. Seymour Manufacturing Company, George C. Matthies v. Earl B. Boies, (Two Cases)Court of Appeals for the Second Circuit · 1959
- Downing EstateSuperior Court of Pennsylvania · 1947
- HASSELMANN v. BarnesCourt of Appeals of North Carolina · 2010
- George C. Matthies v. Seymour Manufacturing Company, George C. Matthies v. Earl B. Boies, (Two Cases)Court of Appeals for the Second Circuit · 1959