Keyston v. Keyston

WOOD (Parker), J.

Appeal by beneficiaries of a testamentary trust, as objectors, from an order settling current account of trustee, allowing attorney’s fees to trustee, and denying the petition of the beneficiaries for removal of the trustee.

In 1939, Alfred J. Keyston purchased 1,450 shares of stock of the Lichtenberger-Ferguson Company, a corporation, which was all the stock of the corporation except 500 shares of treasury stock. At the time of said purchase the corporation, which was a manufacturer of saddles and other leather goods in Los Angeles, was in receivership. It appears that Alfred…