Kimball v. Whitney
Massachusetts Supreme Judicial Court
Two appeals by beneficiaries under a trust created by the will of Mary Bates, late of Boston, from a decree of the Probate Court of the county of Suffolk allowing, wjth some amendments not material to this decision, the first account of the trustee, covering a period from March 6,-1892, to July 1, 1917. Such of the objections of the appellants as are material to this decision were as follows: "(1) That the court approved and allowed an investment in thirty shares of…
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Two appeals by beneficiaries under a trust created by the will of Mary Bates, late of Boston, from a decree of the Probate Court of the county of Suffolk allowing, wjth some amendments not material to this decision, the first account of the trustee, covering a period from March 6,-1892, to July 1, 1917. Such of the objections of the appellants as are material to this decision were as follows: "(1) That the court approved and allowed an investment in thirty shares of preferred stock of the Massachusetts Electric Companies, . . . which shares this appellant alleges were not a proper security…
1Opinion of the CourtRugg, C. J.
These are two appeals from a decree of the Probate Court allowing an account of a trustee under the will of Mary Bates. The matters now in controversy relate to certain aspects of the propriety of an investment made by the trustee in February, 1903, of a part of the principal of the trust in so called preferred shares of the Massachusetts Electric Companies at the market price then prevailing, and to the retention of this investment to the end of the period of the account in 1917. The case comes before us by report upon agreed facts.
The facts now pertinent to the decision are that the…
2Cases cited21 opinions
- Williams v. Inhabitants of MiltonMassachusetts Supreme Judicial Court · 1913
- Frost v. ThompsonMassachusetts Supreme Judicial Court · 1914
- Green v. CrapoMassachusetts Supreme Judicial Court · 1902
- Corkery v. DorseyMassachusetts Supreme Judicial Court · 1916
- Warren v. PazoltMassachusetts Supreme Judicial Court · 1909
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3Cited by33 opinions
- Berry v. KyesMassachusetts Supreme Judicial Court · 1939
- O'BRIEN v. DwightMassachusetts Supreme Judicial Court · 1973
- Anderson v. BeanMassachusetts Supreme Judicial Court · 1930
- Povey v. Colonial Beacon Oil Co.Massachusetts Supreme Judicial Court · 1936
- Cosmopolitan Trust Co. v. MitchellMassachusetts Supreme Judicial Court · 1922
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