In Re the Accounting of Bankers Trust Co.
14 N.E.2d 203, 277 N.Y. 650, 1938 N.Y. LEXIS 1111
Opinion
We think our opinion in Matter of Otis (276 N. Y. 101) does not imply that fiduciaries may distribute surplus income before all advances from principal are repaid. We are also of opinion that no valid distinction may be made in that regard between “ principal obligations ” and “ income obligations.”
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In Re the Accounting of Bankers Trust Co., 14 N.E.2d 203, 277 N.Y. 650, 1938 N.Y. LEXIS 1111 (N.Y. 1938).
14 N.E.2d 203 (In Re the Accounting of Bankers Trust Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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