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Legal Opinion

In re the Accounting of Bankers Trust Co.

New York Surrogate's Court

Decided April 3, 1953PublishedCited by 13 opinions

1Opinion of the Court

Collins, S.

Decedent’s will directs that trust investments “ shall be made in such securities as are legal investments for Savings Banks in the State of New York ”. The will was executed in the year 1927 and was admitted to probate in the year 1930. It appears that the trustees have experienced no difficulty administering the trusts within the mandate of the testator but the surviving trustee now feels that recent amendments to section 235 of the Banking Law effected by chapter 705 of the Laws of 1952, may present problems of investment at some *853future time and that a present construction of…

2Cases cited10 opinions

  1. In Re the Accounting of Syracuse Trust Co.New York Court of Appeals · 1947
  2. In re the Estate of HamersleyNew York Surrogate's Court · 1934
  3. In re the Accounting of Central Hanover Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1951
  4. In re the Accounting of Syracuse Trust Co.Appellate Division of the Supreme Court of the State of New York · 1946
  5. In re the Accounting of LuckenbachNew York Court of Appeals · 1952

5 more not listed; retrieve them via the Exa API.

3Cited by13 opinions

  1. Ingalls v. HareSupreme Court of Alabama · 1957
  2. In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1955
  3. In re New York Trust Co.New York Supreme Court · 1958
  4. In re the Construction of an Indenture Made by EdisonNew York Supreme Court · 1956
  5. In re the Estate of NevinsNew York Surrogate's Court · 1957

8 more not listed; retrieve them via the Exa API.

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