Bank of Delaware v. Delaware Trust Company
This text of 280 A.2d 534 (Bank of Delaware v. Delaware Trust Company) is published on Counsel Stack Legal Research, covering Supreme Court of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
In this proceeding arising from a request for instructions as to the proper distribution of the corpus of the trust, the Chancery Court’s opinion appears at 269 A.2d 256. For the reasons therein stated, we affirm the conclusion of the Chancery Court as to the intent of the testatrix. It is our opinion that the language of the Will, when viewed in its entirety and in the light of surrounding circumstances, is abundantly clear to warrant the conclusion reached by the Chancery Court as to intent.
The appellants rely upon Bedyk v. Bank of Delaware, Del.Supr., 176 A.2d 196 (1961). We find no error in the Chancery Court’s application of the rule of that case.
The appellants also complain that the Chancery Court relied upon certain cases in other jurisdictions holding that when contingent gifts are made to a class, determination of the membership of the class is deferred until the gift vests. In view of our holding that the intent of the testatrix is clear on the face of the Will, we do not reach the latter point.
The order below is affirmed.
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Cite This Page — Counsel Stack
280 A.2d 534, 1971 Del. LEXIS 214, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bank-of-delaware-v-delaware-trust-company-del-1971.