In re the Accounting of First Trust & Deposit Co.

Appellate Division of the Supreme Court of New York

In re the Accounting of First Trust & Deposit Co.

272 A.D.2d 958

CourtAppellate Division of the Supreme Court of the State of New York

DecidedJune 25, 1947

StatusPublished

This text of 272 A.D.2d 958 (In re the Accounting of First Trust & Deposit Co.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re the Accounting of First Trust & Deposit Co., 272 A.D.2d 958 (N.Y. Ct. App. 1947).

Pincite

Opinion

Order affirmed, without costs of this appeal to any party. Memorandum: The order, ffom which appeal has been taken herein, should be affirmed on the ground that the allegation in the supplemental answer and objections, to the effect that the trustee did not disclose to the parties interested in the trust estate that the trasteé had purchased the mortgages from itself, was insufficient to warrant the reopening of the decrees entered in 1931 and 1937. To warrant an order as demanded by "the appellants, there is necessary a further allegation and proof that at the time of the filing of such intermediate accounts and at the time of the adjudication on the same the beneficiaries of the trust (now appellants) had no knowledge of such self-purchase. (Matter of Garretson, 179 N. Y. 520; Matter of Ryan, 291 N. Y. 376.) We pass on no other question. All concur, except McCurn, J., not voting. (The order denies without prejudice a motion to reopen certain decrees of accounting.) Present — Taylor, P. J., Dowling, Harris, McCurn and Love, JJ. [See post, p. 1038.]

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

Order affirmed, without costs of this appeal to any party. Memorandum: The order, ffom which appeal has been taken herein, should be affirmed on the ground that the allegation in the supplemental answer and objections, to the effect that the trustee did not disclose to the parties interested in the trust estate that the trasteé had purchased the mortgages from itself, was insufficient to warrant the reopening of the decrees entered in 1931 and 1937. To warrant an order as demanded by "the appellants, there is necessary a further allegation and proof that at the time of the filing of such intermediate accounts and at the time of the adjudication on the same the beneficiaries of the trust (now appellants) had no knowledge of such self-purchase. (Matter of Garretson, 179 N. Y. 520; Matter of Ryan, 291 N. Y. 376.) We pass on no other question. All concur, except McCurn, J., not voting. (The order denies without prejudice a motion to reopen certain decrees of accounting.) Present — Taylor, P. J., Dowling, Harris, McCurn and Love, JJ. [See post, p. 1038.]

Cite This Page — Counsel Stack

Bluebook (online)

272 A.D.2d 958, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-accounting-of-first-trust-deposit-co-nyappdiv-1947.

Opinion

Related

Cite This Page — Counsel Stack