MATTER OF LAUNDREE


277 A.D. 994 (1950)

In the Matter of The Estate of William J. Laundree, Deceased. Edward A. Laundree, Appellant; Catherine Laundree, as Administratrix of The Estate of William J. Laundree, Deceased, Respondent

Appellate Division of the Supreme Court of the State of New York, Second Department.

October 16, 1950.


It is our opinion that under the regulations of the Secretary of the Treasury of the United States applicable to these bonds at the time of their purchase and registration, the petitioner, as designated beneficiary therein, acquired a present interest and fixed right therein and, upon the death of the purchaser, with the bonds remaining in that form, became the owner thereof with right of possession. (See Matter of Deyo, 180...

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