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BLADES v. SPITZER

No. 172.

113 S.E.2d 315 (1960)

252 N.C. 207

Carl F. BLADES and Ralph W. Blades, Trustees under Last Will of Levin Carl Blades, Deceased, and Margaret Blades Bateman, v. Frank Blades SPITZER and wife, Retta Hooper Spitzer; Gilbert Levin Spitzer and wife, Barbara O'Neal Spitzer; Evangeline Bateman, infant; Sharon Bateman, infant; Stephen Carl Spitzer, infant; Gilbert Levin Spitzer, Jr., infant; Linda Carol Spitzer, infant, and any unborn children of Margaret Blades Bateman, Frank Blades Spitzer, Gilbert Levin Spitzer, Evangeline Bateman or Sharon Bateman.

Supreme Court of North Carolina.

March 23, 1960.

Attorney(s) appearing for the Case

Pritchett & Cooke, Windsor, for guardian ad litem, appellant.

LeRoy, Goodwin & Wells, Elizabeth City, for appellees.

MOORE, Justice.

"In all cases where there is a vested interest in real estate, and a contingent remainder over to persons who are not in being, or when the contingency has not yet happened which will determine who the remaindermen are," the land may be sold for reinvestment in real estate to be held upon the same contingencies and, pending such reinvestment in land, the proceeds may be loaned or invested in approved securities. G.S. § 41-11. Under the provisions...

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