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MATTER OF GILLIES

279 A.D. 1132 (1952)

In the Matter of the Accounting of Agnes M. Gillies et al., as Cotrustees under The Will of George J. Gillies, Deceased. Genesee Valley Trust Company, as Cotrustee under The Will of George J. Gillies, Deceased, Appellant; Bruce G. Gillies, Respondent

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

May 7, 1952.

Order affirmed, with costs.

Memorandum:

Although, in our opinion, the record proofs are sufficient to sustain the order vacating the 1945 decree settling the intermediate account of the trustees, we think that the authority given the trustees by testator's will "to retain unsold any stocks, bonds or securities" expressly authorized the retention by the trustees of the shares of stock of the corporate trustee owned...

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