MATTER OF SUNDHEIMER


29 Misc.2d 179 (1961)

In the Matter of the Construction of the Will of Marie L. Sundheimer, Deceased.

Surrogate's Court, New York County.

May 12, 1961


Attorney(s) appearing for the Case

Samuel A. Mehlman for First National City Trust Company and another, as executors, petitioners. Martin J. McLaughlin, as special guardian for Henry I. Cole, Jr., and others, infants, respondent.


JOSEPH A. COX, S.

The construction requested in this proceeding requires the determination of the meaning and legal effect of a portion of Paragraph Eighteenth of the decedent's will which reads as follows: "However, I hereby direct that the corporate Trustee shall not invest in or purchase securities which it, or any of its affiliates or subsidiaries, shall have underwritten or organized, or shall have participated in the organization or reorganization...

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