Order of the Surrogate's Court, Queens County, modified on the law by striking therefrom the figure "$464.53" and by substituting in place thereof the figure "$519.67". As thus modified the order is affirmed, without costs. The facts are not in dispute. Informal findings are affirmed.
The exercise of option 3 by the decedent was a taxable transfer under subdivision 3 of section 249-r of the Tax Law, as it existed on November 4, 1947. Neither section 5 of Article XVI...
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