Legal Opinion
In re City Bank Farmers Trust Co.
New York Court of Appeals
Decided June 25, 1958PublishedCited by 1 opinion
1Opinion of the CourtBurke, J.
This proceeding was instituted under article 79 of the Civil Practice Act for a construction of a deed of trust dated May 4, 1918. By that deed, which designated the petitioner City Bank Farmers Trust Company trustee, one Fosdick created two trusts for the lives, respectively, of two nieces. A grandniece was named as a secondary life beneficiary under each trust. The principals of the funds were originally made up of 300 shares of General Electric Company stock. As to each trust it was provided that on the death of the survivor of the income beneficiaries the principal was to be distributed…
2Cases cited12 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- In Re the Accounting of OsborneNew York Court of Appeals · 1913
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- Equitable Trust Co. v. PrenticeNew York Court of Appeals · 1928
- In re the Accounting of Security Trust Co.New York Surrogate's Court · 1950
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3Cited by1 opinion
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