Abercrombie v. Riddle
High Court of Chancery of Maryland
[In this case, by the consent of all parties interested, a decree was passed for the sale of 650 shares of bank stock, standing in the name of trustees, in trust for the use of Mary E. Abercrombie for life, with remainder to her children. Mrs. Abercrombie had assigned her interest in said stock to the Baltimore Life Insurance Company, which consented to the sale.
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[In this case, by the consent of all parties interested, a decree was passed for the sale of 650 shares of bank stock, standing in the name of trustees, in trust for the use of Mary E. Abercrombie for life, with remainder to her children. Mrs. Abercrombie had assigned her interest in said stock to the Baltimore Life Insurance Company, which consented to the sale. The sales amounted to §29,438 13, and the cause being referred to the Auditor, he stated four accounts distributing the proceeds, marked A, B, O, D, and E. In account A, ho assigned to the Insurance Company, as the assignee of Mrs.…
1Opinion of the Court
The Chancellor :
The first and most important of the questions raised in this case, by the exceptions of the Baltimore Life Insurance Company, to the report of the Auditor, and upon which I have had the advantage of hearing a very good argument on both sides, was raised and discussed in the case of Peyton vs. Ayers, recently decided by this Court, and reported in 2 Md. Chancery Decisions, 64.
In that case, which was brought before me on two occasions, I expressed the opinion founded upon the case of Dorsey vs. Smith, 7 H. & J., 345, that the ancient rule of the Court, adopted for the purpose of…
2Cases cited2 opinions
- Dorsey v. SmithCourt of Appeals of Maryland · 1826
- Wall's Ex'x. v. WallCourt of Appeals of Maryland · 1827
3Cited by1 opinion
- Drew v. HoganCourt of Appeals for the D.C. Circuit · 1905