Wilkins v. Miltimore

The testatrix owned one hundred and twenty shares of the Wilkins Paper Box Company, Inc. which is and for many years has been “a successfully operated businéss corporation” and may be fairly described as a family corporation. In drafting her own will the testatrix made no specific disposition of all the shares themselves except “in the event of the sale or liquidation of the . . . Company.” Her interest in the corporation is not mentioned in the residuary clause and is confined to the second paragraph of the will. While the shares would pass under the residuary clause if she so intended…