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In Re the Estate of Ridings

79 N.E.2d 735, 297 N.Y. 417, 1948 N.Y. LEXIS 834
CourtNew York Court of Appeals
DecidedApril 23, 1948
StatusPublished
Cited by8 cases

This text of 79 N.E.2d 735 (In Re the Estate of Ridings) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In Re the Estate of Ridings, 79 N.E.2d 735, 297 N.Y. 417, 1948 N.Y. LEXIS 834 (N.Y. 1948).

Opinion

Per Curiam.

The rule of undivided loyalty as applied to the retention by a corporate trustee of shares of its own stock is subject to the settlor’s instructions when such instructions are clearly related to shares previously owned by the settlor. In this case the testatrix expressly authorized the retention in the trust of any investments left by her.

The order of the Appellate Division and the Surrogate’s decree entered thereon should be affirmed, with costs to all parties appearing separately and filing briefs, payable out of the estate.

Loughban, Oh. J., Lewis, Conway, Desmond, Thaoheb, Dyb and Fuld, JJ., concur.

Order affirmed, etc.

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Bluebook (online)
79 N.E.2d 735, 297 N.Y. 417, 1948 N.Y. LEXIS 834, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-estate-of-ridings-ny-1948.