Hill v. Chase Manhattan Bank

Petitioner moves for an order directing the trustees of a trust made on July 6, 1935 to deliver to petitioner, as income, 350 shares of General Electric, $5 par value common stock and for other relief. Petitioner under the indenture of trust was to be paid the net income for her life. In paragraph III (A) of the indenture the settlor directed that ‘ ‘ Any dividend declared or authorized in respect of any stock composing in whole or in part at any time the principal of the trust estate, payable in the securities of any corporation, or of any class of the corporation or association declaring or…