ROBERTSON v. HERT'S ADM'RS


227 S.W.2d 899 (1950)

312 Ky. 405

ROBERTSON et al. v. HERT'S ADM'RS et al.

Court of Appeals of Kentucky.

March 3, 1950.


Attorney(s) appearing for the Case

Samuel R. Wells, Louisville, Peter, Heyburn & Marshall, Louisville, for Robertson.

James H. Cartwright, Chicago, Ill., Winston, Strawn, Shaw & Black, Chicago, Ill., for Kuehn, individually & U. S. Creosoting Co.

Charles I. Dawson, Louisville, Thomas S. Dawson, Louisville, Bullitt, Dawson & Tarrant, Louisville, Loren N. Wood, New York City, Wood, Molloy, France & Tully, New York City, Laurens L. Henderson, Phoenix, Ariz., Percy N. Booth, Louisville, Booth & Booth, Louisville, Arthur W. Grafton, Louisville, Wyatt, Grafton & Grafton, Louisville, James W. Stites, Louisville, Nelson Helm, Louisville, William P. MacCracken, Jr., Washington, D. C., William T. Baskett, Louisville, for appellees.


SIMS, Chief Justice.

This appeal involves the validity of a contract for the sale of certain securities held by a trust, administered by six trustees, to a corporation controlled by one of the trustees, the purchaser having been authorized by an amendment to the trust instrument to purchase the securities. Four questions are presented: 1. Did the chancellor in the suit to settle the estate have jurisdiction to pass upon the validity of the sale; 2. were the necessary...

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