New York Court of Appeals, 1937

Chemical Bank and Trust Company v. Ott

Chemical Bank and Trust Company v. Ott
New York Court of Appeals · Decided June 1, 1937
10 N.E.2d 557; 274 N.Y. 572; 1937 N.Y. LEXIS 964 (North Eastern Reporter, Second Series)

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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.