MATTER OF OSTWALD


20 Misc.2d 1001 (1959)

In the Matter of the Intermediate Accounting of Adolph Ostwald, as Executor of Ernest Ostwald, Deceased.

Surrogate's Court, Richmond County.

July 8, 1959.


Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen (Charles J. Heffernan of counsel), for petitioner.

Louis Baron and Benjamin Heller for Robert Ostwald and others, objectants.

James G. McGoldrick for Lucille Ostwald, objectant.

William S. O'Connor and John F. Grimes for Aetna Life Insurance Company.


JOHN C. BOYLAN, S.

In this contested executor's intermediate account there are two issues which must be resolved before the account can be judicially settled. First, the court must interpret an agreement entered into by a corporation (Uniforms by Ostwald), the decedent and Adolph Ostwald when the individual parties were the equal owners of the corporate stock. The second question that must be decided is whether...

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