Brown v. Fidelity Union Trust Co.

Supreme Court of New Jersey

Brown v. Fidelity Union Trust Co.

31 A.2d 811, 133 N.J. Eq. 278, 1943 N.J. LEXIS 457

CourtSupreme Court of New Jersey

DecidedApril 30, 1943

StatusPublished

Cited by1 cases

This text of 31 A.2d 811 (Brown v. Fidelity Union Trust Co.) is published on Counsel Stack Legal Research, covering Supreme Court of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Brown v. Fidelity Union Trust Co., 31 A.2d 811, 133 N.J. Eq. 278, 1943 N.J. LEXIS 457 (N.J. 1943).

Pincite

Opinion

The opinion of the court was delivered by

Bodine, J.

The complainant charges mismanagement of a trust estate of which she is beneficiary. She seeks discovery and an accounting. The trustee, in the meantime, secured an order from the Court of Chancery permitting it to purchase for cash for full value certain questioned securities.

It is clear from the opinion of the learned Vice-Chancellor that all questions to be settled in the litigation remain open, even the question of interest and the rate thereof. The only thing accomplished by the order was to improve the trust estate by substituting legáis for securities in doubt, and in no way does it end the-litigation.

The order appealed from so modified is affirmed.

*279 For modification — The Chief-Justice, Paekee, Case, Bodine, Donges, Hehbe, Pehskie, Poktek, Wells, Rafferty, JJ. 10.

Free access — add to your briefcase to read the full text and ask questions with AI