Minc v. The Chase National Bank

On December 31, 1929, the plaintiff (then known as Minnie Reiner) executed as grantor an indenture conveying certain personal property to The Equitable Trust Company (predecessor of defendant, The Chase National Bank of the City of New York), as trustee, and to two other persons as cotrustees. The trust agreement provided that the income from the property was to be paid to the grantor during her lifetime; and upon her death the trustee was to convey the principal according to the direction in the last will and testament of the grantor, or, if she failed to dispose of the principal and accrued…