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Matter of Farmers' Loan and Trust Company

Court of Appeals of the State of New York
Jun 3, 1919
124 N.E. 1 (N.Y. 1919)

Opinion

Argued May 21, 1919

Decided June 3, 1919

John J. Crawford and David B. Simpson for appellants.

Frederick Geller and C. Alexander Capron for respondents.


It is unnecessary at this time to decide whether the practical operation of the general plan of distribution of the remainder of the trusts created by the seventh clause of the will which was adopted by the surrogate may unlawfully suspend the power of alienation. Contingencies that may never arise need not now be considered. The order and decree should be modified by striking out the general directions in relation to the future disposition of such trust funds upon the death of the life beneficiaries other than Mary E. Taylor, deceased, and, as so modified affirmed, with one bill of costs to each set of parties appearing on the argument herein by separate counsel, payable out of the estate.

HISCOCK, Ch. J., COLLIN, CUDDEBACK, CARDOZO, POUND, CRANE and ANDREWS, JJ., concur.

Ordered accordingly.


Summaries of

Matter of Farmers' Loan and Trust Company

Court of Appeals of the State of New York
Jun 3, 1919
124 N.E. 1 (N.Y. 1919)
Case details for

Matter of Farmers' Loan and Trust Company

Case Details

Full title:In the Matter of the Accounting of THE FARMERS' LOAN AND TRUST COMPANY, as…

Court:Court of Appeals of the State of New York

Date published: Jun 3, 1919

Citations

124 N.E. 1 (N.Y. 1919)
124 N.E. 1

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