MATTER OF GIBERSON


21 Misc.2d 299 (1959)

In the Matter of the Construction of the Will of Eugene D. Giberson, Deceased.

Surrogate's Court, New York County.

November 6, 1959.


Attorney(s) appearing for the Case

Jesse S. Richman, as executor, petitioner in person.

Nathaniel Kaplan, as special guardian for Jeanne R. Pezzi, infant, respondent.


S. SAMUEL DI FALCO, S.

In this proceeding for the construction of the will, the court holds that the trustees will be authorized to invest in the securities specified for fiduciary investment under section 21 of the Personal Property Law (Matter of Walbridge, 138 N.Y.S.2d 847) so long as section 235 of the Banking Law is confined in its operation to the investment power of trust companies over their corporate funds (Matter of Daly,

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