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EQUITABLE TRUST CO. v. GALLAGHER

No. 1, February Term, 1950.

77 A.2d 548 (1950)

EQUITABLE TRUST CO. v. GALLAGHER.

Supreme Court of Delaware.

December 7, 1950.

Attorney(s) appearing for the Case

H. Albert Young, and David B. Coxe, Jr., both of Wilmington, for appellant.

Joseph Donald Craven, of Wilmington, for respondent.

Before RICHARDS, C. J., and TERRY, CAREY, LAYTON and WOLCOTT, JJ.

LAYTON, Judge.

Appellant is the Executor of the Estate of Margaret C. Kane, deceased. Prior to her death on January 18, 1947, Miss Kane was an old and valued employee of Union Park Motors, Inc, a corporation of this State. Hugh F. Gallagher, the Defendant, is President of the Corporation and owns the very large majority of its stock. Gallagher was Miss Kane's distant cousin. In 1941 Gallagher established a trust of 19 shares of the stock of Union Park Motors, Inc...

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