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ELMHURST NAT. BANK v. GLOS

Gen. No. 67-144.

99 Ill. App.2d 74 (1968)

241 N.E.2d 121

Elmhurst National Bank, et al., Plaintiffs-Appellees, v. Iona D. Glos, et al., Defendants-Appellees. Continental Illinois National Bank and Trust Company of Chicago, as Successor Trustees, etc., Defendant-Counterplaintiff-Appellee, v. Mabelle G. Larkin, George W. Larkin, Jr., Walter Larkin, Larry Larkin, Elizabeth Glos Larkin, a Minor, Linda Katherine Larkin, a Minor, Andrew Glos Larkin, a Minor, and George Walter Larkin, a Minor, Defendants-Counterdefendants-Appellants.

Appellate Court of Illinois — Second District.

October 15, 1968.

Attorney(s) appearing for the Case

Sidley & Austin, of Chicago, for appellants.

Wildman, Harrold, Allen & Dixon, Kirkland, Ellis, Hodson, Chaffetz & Masters, and Mayer, Friedlich, Spiess, Tierney, Brown & Platt, of Chicago, and Thomas H. Price and Henry G. Bates, of Elmhurst, for appellees.

MR. JUSTICE MORAN delivered the opinion of the court.

This appeal arises from a decision of the Circuit Court of DuPage County authorizing the Continental Illinois National Bank and Trust Company of Chicago, as Successor Trustee under a Trust Agreement referred to as Trust 266, to retain shares of its own capital stock in the trust portfolio.

It appears from the pleadings that, in 1935, one Lucy M. Glos created...

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