Legal Opinion
In re the Accounting of City Bank Farmers Trust Co.
New York Surrogate's Court
Decided April 22, 1947PublishedCited by 3 opinions
1Opinion of the Court
Collins, S.
The trustee is accounting for two separate trusts created by the testator. The life beneficiaries of both trusts and the remainderman of one have filed objections to the account which challenge the method adopted by the trustee for amortizing premiums on bonds purchased by it. The dispute between the remainderman and the life beneficiaries relates to the method of amortization of premiums on bonds which contain an option permitting the obligor to redeem them prior to the respective maturity dates.
The decedent died prior to the effective date of section 17-d of the Personal Property…
2Cases cited8 opinions
- In Re the Accounting of StevensNew York Court of Appeals · 1907
- New York Life Insurance & Trust Co. v. BakerNew York Court of Appeals · 1901
- Equitable Trust Co. v. MillerAppellate Division of the Supreme Court of the State of New York · 1921
- Old Colony Trust Co. v. ComstockMassachusetts Supreme Judicial Court · 1935
- Equitable Trust Company of New York v. . MillerNew York Court of Appeals · 1922
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3Cited by3 opinions
- In re the Estate of AbelNew York Surrogate's Court · 1991
- In re the Estate of DeNeauNew York Surrogate's Court · 1988
- In re the Intermediate Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1958