STANTON v. WELLS FARGO BANK ETC. CO.

Docket No. 17289.

150 Cal.App.2d 763 (1957)

310 P.2d 1010

LILLIAN STANTON et al., Respondents, v. WELLS FARGO BANK AND UNION TRUST COMPANY, Appellant.

Court of Appeals of California, First District, Division One.

May 10, 1957.


Attorney(s) appearing for the Case

Heller, Ehrman, White & McAuliffe and Lawrence C. Baker for Appellant.

Eugene H. O'Donnell, in pro. per., Philip S. Ehrlich, Albert A. Axelrod, Irving Rovens and Bronson, Bronson & McKinnon for Respondents.


PETERS, P.J.

A testamentary trust expressly limited the trustees in investing and reinvesting the trust property to the purchase of certain types of bonds. This action was brought to secure a modification of this provision so as to permit the trustees to invest and reinvest in those securities permitted by section 2261 of the Civil Code.

The action was initiated by three of the four life beneficiaries of a trust created by the will of Sanford Sachs, who died...

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