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IN RE TRUSTEESHIP UNDER WILL OF WHELAN

No. 38,502.

263 Minn. 476 (1962)

116 N.W. (2d) 811

IN RE TRUSTEESHIP UNDER WILL OF RALPH WHELAN. FIRST NATIONAL BANK OF MINNEAPOLIS v. BELLE STEWART AND OTHERS. MINNEAPOLIS SOCIETY OF FINE ARTS, RESPONDENT.

Supreme Court of Minnesota.

September 7, 1962.

Attorney(s) appearing for the Case

John J. Doherty, for appellants.

Best, Flanagan, Lewis, Simonet & Bellows and Robert L. Crosby, for respondent.

MURPHY, JUSTICE.

We held in In re Trusteeship under Agreement with Mayo, 259 Minn. 91, 105 N.W.2d 900, which dealt with the administration of two inter vivos trusts, that changed economic conditions might permit deviation from investment provisions which forbade investment in corporate common stock. In the case before us we are asked to go a step further and hold that unforeseen economic conditions...

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