Ludington State Bank v. Estate of Rath

William A. L. Rath died testate August 10,1916. At the time of his death, he owned 180 shares of stock of the Ludington State Bank, of the par value of $100 a share. By his last will and testament, he left his widow the unrestricted use and net income of all his property, real and personal, during her lifetime. He provided by his will for the payment of specific legacies as follows:

"To my niece, Jessie M. Dolan, 80 shares of stock of Ludington State Bank, 63 shares of stock of Bank of Fountain; cash money to be paid to her $5,000.

“To my niece Grace B. Dolan 100 shares of stock of Ludington…