Low v. Bankers' Trust Co.

This is an action in equity brought by the plaintiffs, as executors of and trustees under the last will and testament of Lyman N. Hine, deceased, to compel the defendant trust company to render an accounting of its proceedings as successor trustee under a deed of trust made by Francis L. Hine, and to pay over to the plaintiffs the principal and undistributed income of a trust fund. The deed of trust, dated March 13, 1914, sets up an irrevocable trust of personal property with the Astor Trust Company, predecessor of the defendant Bankers’ Trust Company. The income of said trust was to be paid…