MATTER OF OGDEN


31 Misc.2d 920 (1961)

In the Matter of The Estate of Charles W. Ogden, Deceased.

Surrogate's Court, New York County.

November 3, 1961


Attorney(s) appearing for the Case

Coudert Brothers for Caspar C. De Gersdorff and others, petitioners. Cadwalader Wickersham & Taft for Community Service Society of New York, respondent. Webster, Sheffield & Chrystie for Children Aid Society, respondent. Frederick Katz, as special guardian for Carl A. De Gersdorff and others, infants, respondent.


JOSEPH A. COX, S.

The testator's will authorizes his trustees to retain investments owned by the testator at the date of his death and further authorizes investments in "nonlegal property, including common stocks, preferred stocks, bonds, debentures, notes or other obligations, either secured or unsecured, as they may deem proper" at any time when the market value of the nonlegal investments held in the trust shall constitute less than 35% of the market...

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