Chemical Bank and Trust Company v. Ott
New York Court of Appeals
Chemical Bank and Trust Company v. Ott, 10 N.E.2d 557 (N.Y. 1937)
274 N.Y. 572; 1937 N.Y. LEXIS 964
Chemical Bank and Trust Company v. Ott
Opinion of the Court
Judgment of the Appellate Division modified by reversing the provision thereof which charges the trustee with negligence for failure to sell stocks before it did and with interest on the Federal estate taxes, and as so modified affirmed, without costs, on the ground that under the peculiar facts of this case the trustee was not negligent in the exercise of its judgment. No opinion. (See 274 N. Y. 636.)
Concur: O’Brien, Hubbs, Loughran, Finch and Rippey, JJ. Crane, Ch. J., and Lehman, J., dissent and vote to affirm the decision of the referee.
Reference
- Full Case Name
- Chemical Bank and Trust Company, as Trustee Under Trust Indentures Executed by Mary A. Ott, Deceased, Appellant and Respondent, v. Margaret K. Ott, Individually and as Executrix of Henry L. Ott, Deceased, Et Al, Respondents and Appellants; Chemical Bank and Trust Company, as Administrator With the Will Annexed of Mary A. Ott, Deceased, Et Al., Respondents, Impleaded With Another
- Cited By
- 11 cases
- Status
- Published