H. M. Byllesby & Co. v. Doriot

The Vice-Chancellor:

Complainant, a Delaware corporation, is the sole depositing stockholder under a voting trust agreement. Defendants are the voting trustees. The agreement bears date November 9, 1936, and was executed by complainant and three individuals who became the original trustees and were defendants’ predecessors in this capacity. Complainant now sues to terminate the trust on several grounds, the principal of which are: that it is the settlor and sole beneficiary of the trust and as such has *48elected to and is empowered to effect a revocation; and that the purpose of the trust has…