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FIRST NATIONAL BANK OF JERSEY CITY v. STEVENS

9 N.J. Super. 324 (1950)

74 A.2d 368

THE FIRST NATIONAL BANK OF JERSEY CITY, A NATIONAL BANKING ASSOCIATION, AS SUBSTITUTED TRUSTEE UNDER A DEED OF TRUST DATED MAY 9, 1907, PLAINTIFF, v. EMILY L. STEVENS, ET AL., DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided June 26, 1950.

Attorney(s) appearing for the Case

Mr. Frederic W. Schumann, for the plaintiff (Messrs. O'Mara, Conway & Schumann, attorneys).

Mr. Gilbert D. Chamberlin, for defendants Emily L. Stevens, Edward A. Stevens, Jr., Basil M. Stevens and Lawrence L. Stevens (Messrs. Besson & Applegate, attorneys).

Mr. Howard Engel, for defendants Bayard M. Stevens and Nancy S. Allen (Messrs. Lichtenstein & Engel, attorneys).

Mr. Henry G. Haas, for defendants Mary G. Stevens, individually and as executrix and trustee under the will of Bayard Stevens, deceased, and Alice Dee Stevens, individually and as administratrix with the will annexed of the estate of Washington Lewis Stevens.

Mr. William S. Stuhr, for defendants Ralph Stevens and Emily Dee Stephany (Messrs. Stuhr & Vogt, attorneys).

Mr. Frederick K. Hopkins, for defendant Hudson Trust Co., trustee under the last will and testament of John Stevens, deceased (Messrs. Hopkins, Vorburger & Dickson, attorneys).

STANTON, J.S.C.

In 1907, Edwin A. Stevens created an inter vivos trust and deposited with the trustees certain shares of the capital stock of The Hoboken Land and Improvment Company. Upon the death of the settlor and his wife, part of the corpus was distributed, leaving in the fund only two hundred shares of such stock; the entire income then became payable to the settlor's daughter Emily A. Stevens for...

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