MATTER OF PRIME


200 Misc. 410 (1951)

In the Matter of the Accounting of Bank of New York and Fifth Avenue Bank, as Trustee under The Will of Cornelia Prime, Deceased.

Surrogate's Court, Suffolk County.

September 15, 1951.


Attorney(s) appearing for the Case

Emmet, Marvin & Martin for trustee, petitioner.

Munder, Weissman & Lockwood for Huntington Hospital.


HAZLETON, S.

Among the philanthropies established by the last will and testament of the late Cornelia Prime is a trust fund of $100,000 for the benefit of Huntington Hospital, which is administered by the petitioner, Bank of New York and Fifth Avenue Bank, as trustee.

Between the time of the death of deceased and the present, the statutes controlling investments of corporate fiduciaries have changed,...

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