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MATTER OF REED

33 Misc.2d 305 (1962)

In the Matter of The Estate of John F. Reed, Deceased.

Surrogate's Court, New York County.

February 6, 1962

Attorney(s) appearing for the Case

Milbank, Tweed, Hope & Hadley for Chase Manhattan Bank, as trustee, petitioner. Charles F. Mintz, as special guardian for Mildred C. Rice, an incompetent person, respondent. Max S. Lynne, as special guardian for Robert D. Johnson and another, infants, respondent.

S. SAMUEL DI FALCO, S.

In this proceeding to settle the intermediate account of the trustee, the petitioner requests instructions relating to power to sell certain shares of stock which had been owned by the testator and are still held by the trustee. The present value of these shares of stock represents more than 90% of the total trust assets. In article fifth of the will, the testator directed that the trustee...

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