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MATTER OF HOGAN

204 Misc. 662 (1953)

In the Matter of the Accounting of City Bank Farmers Trust Company, as Successor Trustee under The Will of Charles W. Hogan, Deceased.

Surrogate's Court, New York County.

August 19, 1953.

Attorney(s) appearing for the Case

E. J. Hoare for successor trustee, petitioner.

Francis K. Decker for Dorothy H. de Remer and others, respondents.

Joseph C. Kenney, special guardian for Llewellyn P. Hall and another, infants, respondents.

COLLINS, S.

The objections to the intermediate account of the successor trustee relate chiefly to three investments in mortgage participations. It is charged (1) that the trustee exceeded its authority in making such investments because it has no power under the will to invest in mortgage participations; (2) that each of the three investments involved self-dealing on...

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