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CATHERWOOD TRUST

405 Pa. 61 (1961)

Catherwood Trust.

Supreme Court of Pennsylvania.

July 26, 1961.

Attorney(s) appearing for the Case

Clarence E. Hall, with him Donald S. Cohan, for appellants.

Thomas S. Weary, with him Saul, Ewing, Remick & Saul, for appellee.

William White, Jr., with him Sanford D. Beecher, Reeder R. Fox, and Duane, Morris & Heckscher, for Adele S. Fretz under Rule 46.

Paul Maloney, for certain life tenant, under Rule 46.

Before JONES, C.J., BELL, MUSMANNO, JONES, COHEN, BOK and EAGEN, JJ.

OPINION BY MR. JUSTICE BENJAMIN R. JONES, July 26, 1961:

These appeals present three problems arising under the so-called Pennsylvania Rule of Apportionment.

The factual background of these problems is relatively simple. On June 9, 1924, Mr. Catherwood created an inter vivos trust under which the First Pennsylvania Banking and Trust Company was named trustee. To this trust Mr. Catherwood transferred 1896.72 shares of the common stock of American Gas and Electric...

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