Gifford v. First National Bank

Plaintiffs herein, as heirs at law and beneficiaries under the will of Marshall B. Lloyd, deceased, brought this action to determine whether a charitable trust for which provision was made in Mr. Lloyd’s will has lapsed or has been rendered impossible of performance by events subsequent to testator’s death. * Plaintiffs also assert that this testamentary trust lapsed by reason of nonperformance within the time specified in the will, and they challenge the legality of the appointment of Albert G. Cherney and Cecil J. Scanlan as two of the trustees, as well as the fitness of these two men to…