Legal Opinion
In re the Accounting of Hanover Bank
Appellate Division of the Supreme Court of the State of New York
Decided May 11, 1954PublishedCited by 4 opinions
1Per curiam
This case, like that of Matter of Coulter (204 Misc. 473, affd. 283 App. Div. 691) and Matter of Hogan (204 Misc. 662, affd. 283 App. Div. 790), involves the question whether the temporary advance of funds by a trust company to promote the distribution and allocation of mortgage participations among a number of trusts in its charge constitutes self-dealing. Matter of Union Trust Co. (Hoffman Estate) (219 N. Y. 514) held, among other things, that it was not improper for a trust company to effect the participation in a mortgage by a number of trusts in its charge. Subdivision 7 of section 188…
2Cases cited4 opinions
- In Re the Accounting of Title Guarantee & Trust Co.New York Court of Appeals · 1943
- Matter of Union Trust Co. (Hoffman Estate)New York Court of Appeals · 1916
- In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1953
- In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1953
3Cited by4 opinions
- New York State Medical Care Facilities Finance Agency v. Bank of Tokyo Trust Co.New York Supreme Court · 1994
- In re the Accounting of ThorneNew York Supreme Court · 1957
- In re the Estate of Van DeusenAppellate Division of the Supreme Court of the State of New York · 1971
- In re the Accounting of United States Trust Co.New York Surrogate's Court · 1956