In re the Accounting of Continental Bank & Trust Co.

This is an application by the petitioner trustee for judicial settlement of its account, for leave to resign, and for the appointment of a successor trustee. The petitioner seeks to resign because it is in the process of voluntary dissolution pursuant to the provisions of section 605 of the Banking Law, and in a proceeding brought for the purpose of such voluntary dissolution this court by previous order has authorized it to take all necessary steps to effectuate the disposition and transfer of all its trust, fiduciary or agency matters.

This trust was established seventeen years ago and the…