In re Bankers Trust Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Asch, J.
This case involves objections by the guardian ad litem for income beneficiaries of a common trust fund to an accounting filed by the trustee petitioner-appellant, Bankers Trust Company. It has broad implications for the manner in which these common trust funds are allowed to operate in the State of New York.
Bankers Trust Company is the trustee of eight "common trust funds”. The common trust fund is authorized by Banking Law § 100-c and is a separate entity from the estates or trusts *269whose money is invested in it. A bank or trust company purchases with the…
2Cases cited10 opinions
- In Re the Estate of DonnerNew York Court of Appeals · 1993
- In re the Accounting of the Bank of New YorkNew York Court of Appeals · 1974
- In re the Accounting of Bankers Trust Co.New York Court of Appeals · 1984
- In Re the Accounting of New York Trust Co.New York Court of Appeals · 1945
- Albright v. Jefferson County National BankNew York Court of Appeals · 1944
5 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In Re the Judicial Settlement of the Intermediate Account of HSBC Bank USA, N.A.Appellate Division of the Supreme Court of the State of New York · 2012
- In re the Estate of VennerAppellate Division of the Supreme Court of the State of New York · 1997
- Haber v. KisnerAppellate Division of the Supreme Court of the State of New York · 1998
- In re OnBank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1996
- In re LasdonAppellate Division of the Supreme Court of the State of New York · 2013
6 more not listed; retrieve them via the Exa API.