IN RE McDONOUGH TRUST

No. 50270.

109 N.W.2d 29 (1961)

In the Matter of the J. O. McDONOUGH TRUST, Henry Charles White and Melvin James White, Trustees. AMERICAN NATIONAL RED CROSS, Applicant-Appellant, v. Henry Charles WHITE and Melvin James White, Trustees, Appellees.

Supreme Court of Iowa.

May 2, 1961.


Attorney(s) appearing for the Case

Bray & McCoy, Oskaloosa, for applicant-appellant.

Garold F. Heslinga, Oskaloosa, for appellees.


LARSON, Justice.

This is an appeal from a suit in equity wherein the beneficiary of a trust attempts to force the trustees to convert trust-held farm land into interest-paying securities. The trial court denied the application, holding that under the specific wording of the bequest the revenue-producing lands were to be retained, and that there was a failure to prove grounds necessary before equity would require such a sale and conversion. We agree with the trial...

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