Guaranty Trust Co. v. Lewis

This is an action to settle the account of the plaintiff as trustee of an inter vivas trust. The question involved is the power of plaintiff trustee as a matter of law to sell five $1,000 Great Northern Railway bonds.which the_settlor had deposited with the trustee as part of the original trust corpus and which the trustee, pursuant to the trust agreement, had allocated to constitute the. corpus of the subsequent trust for the defendant-respondent.

The facts are as follows: In 1924 plaintiff, Guaranty Trust Company, was named as trustee in a trust indenture whereby one Fannie D. Lewis created…