MATTER OF McKAY


6 Misc.2d 549 (1957)

In the Matter of the Accounting of Franklin J. Lapeire et al., as Executors of William J. McKay, Deceased.

Surrogate's Court, Westchester County.

May 3, 1957.


Attorney(s) appearing for the Case

Harkavy, Tell & Mendelson and Bleakley, Platt, Gilchrist & Walker for executors, petitioners.

Philip Davis for Ruth G. McKay.

Irving E. Field for respondent.


SAMUEL FAILE, S.

In this accounting proceeding, the executors have requested a construction of testator's will which includes two codicils to determine whether they are required to sell certain closely held stock owned by decedent to the other stockholders of such corporation in accordance with a formula contained in testator's will, or whether such stock may be delivered in kind to the widow of testator as residuary...

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