Legal Opinion
In re the Accounting of the Bank of New York
New York Court of Appeals
Decided December 20, 1974PublishedCited by 48 opinions
1Opinion of the CourtJones, J.
We hold that bn the record in this case objections filed by the guardian ad litem to certain investment decisions of a bank acting as trustee of its own common trust fund were properly dismissed on a motion for summary judgment.
In 1952 Empire Trust Company established á discretionary common trust fund pursuant to section 100-c of the Banking Law. In conformity with the provisions of that section The Bank of New York (into which Empire was merged in 1966) as continuing trustee of the common trust fund made a periodic accounting of the proceedings of the trustee for the four-year period ending…
2Cases cited6 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- In Re the Accounting of Fulton Trust Co.New York Court of Appeals · 1931
- In re the Accounting of HubbellNew York Court of Appeals · 1951
- Costello v. . CostelloNew York Court of Appeals · 1913
- In Re the Accounting of First Trust & Deposit Co.New York Court of Appeals · 1932
1 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- In Re the Estate of JanesNew York Court of Appeals · 1997
- Henryk De Kwiatkowski v. Bear, Stearns & Co., Inc., Bear, Stearns Securities Corporation, and Bear Stearns Forex Inc., and Albert J. SabiniCourt of Appeals for the Second Circuit · 2002
- In Re the Estate of DonnerNew York Court of Appeals · 1993
- Michael Kolentus v. Avco Corporation and Avco Precision Products Division, Avco Corporation, and Chemical BankCourt of Appeals for the Seventh Circuit · 1986
- Withers v. TEACHERS'RETIREMENT SYSTEM, ETC.District Court, S.D. New York · 1978
43 more not listed; retrieve them via the Exa API.