In this accounting proceeding the Bankers Trust Company, as surviving trustee, seeks determination as to its powers of investment in the light of the present statute prescribing trust investments.
Although the testator's death occurred in 1915, if the will were silent as to investment powers, there would be no question that the trustee's present powers are those now prescribed by section 21 of the Personal Property Law. It seems to...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.