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MATTER OF BULOVA FUND

30 A.D.2d 321 (1968)

In the Matter of Bulova Fund, Inc., as Beneficiary of a Trust Created by Arde Bulova, Appellant; Omar N. Bradley et al., Respondents In the Matter of Louise Guilden, as Trustee under a Trust Made by Arde Bulova, Appellant. Joan G. Gale, Appellant; Omar N. Bradley et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

July 9, 1968.

Attorney(s) appearing for the Case

Leonard S. Leaman of counsel (Lord, Day & Lord, attorneys), for appellants.

Simon Rose of counsel (Phillips, Nizer, Benjamin, Krim & Ballon, attorneys), for respondents.

BOTEIN, P. J., EAGER, CAPOZZOLI, McGIVERN and MACKEN, JJ., concur.

Per Curiam.

Respondents are four of the five trustees, and appellant Louise Guilden the fifth trustee, under an indenture dated February 11, 1953, as amended, by which Arde Bulova created a trust consisting entirely of shares of common stock of Bulova Watch Company, Inc. The stock of the company is listed on the New York Stock Exchange, and 324,727 shares, more than 15% of the number outstanding, are presently held...

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