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MATTER OF BISHOP v. CHEM. BANK NEW YORK TRUST CO.

38 Misc.2d 514 (1962)

In the Matter of John Bishop, Petitioner, v. Chemical Bank New York Trust Company, as Trustee, Respondent.

Supreme Court, Special Term, New York County.

December 21, 1962

Attorney(s) appearing for the Case

Cadwalader, Wickersham & Taft (Catherine Noyes Lee, Hampton D. Ewing, Jr., of counsel), for petitioner. White & Case (Dudley Miller and Joseph Kartiganer of counsel), for respondent.

VINCENT A. LUPIANO, J.

This is a proceeding under article 79 of the Civil Practice Act to determine whether the settlor has effectively revoked a trust created by him for his own benefit.

The question to be decided is whether the settlor retained a reversion or created a remainder. The petitioner, now 55 years of age, in 1927 created a trust of his investments of substantial value when he reached the...

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