Legal Opinion
Engel v. Guaranty Trust Co.
New York Court of Appeals
Decided February 28, 1939PublishedCited by 30 opinions
1Opinion of the CourtLoughran, J.
This controversy was submitted to the Appellate Division upon agreed facts pursuant to Civil Practice Act, sections 546-548.
On January 31, 1934, the plaintiff, as grantor, transferred and delivered certain securities to the defendant, as trustee. The trust agreement directed that the net income be paid to the grantor during his life and authorized the trustee at any time and from time to time to make payments to him from the trust principal of not more than an aggregate of $15,000.
It further provided: “ Upon the death of the Grantor, the trust shall terminate and the principal thereof shall…
2Cases cited3 opinions
- Doctor v. . HughesNew York Court of Appeals · 1919
- Whittemore v. Equitable Trust Co.New York Court of Appeals · 1929
- Schoellkopf v. Marine Trust Co.New York Court of Appeals · 1935
3Cited by30 opinions
- National Shawmut Bank v. JoyMassachusetts Supreme Judicial Court · 1944
- Richardson v. RichardsonNew York Court of Appeals · 1948
- Worm v. United States Trust Co.New York Court of Appeals · 1949
- Clark v. JudgeNew Jersey Superior Court Appellate Division · 1964
- Simpson v. Kistler Investment Co.Wyoming Supreme Court · 1986
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