1. Home
  2. Browse Decisions
  3. A.2d
  4. 249 A.2d
  5. 249 A.2d 442 (1968)
 

BANK OF DELAWARE v. CLARK

249 A.2d 442 (1968)

BANK OF DELAWARE, a banking corporation of the State of Delaware, Trustee under an Agreement with William P. Bancroft, Plaintiff, v. Sarah Bancroft CLARK et al., Defendants.

Court of Chancery of Delaware.

July 9, 1968.

Attorney(s) appearing for the Case

Henry N. Herndon, Jr., Wilmington, for plaintiff.

Charles K. Keil, Wilmington, for minor defendants and unborn issue.

Richard L. McMahon, Wilmington, for adult defendants.

Rodney M. Layton, Wilmington, for Wilmington Medical Center, Inc.

SHORT, Vice Chancellor:

On August 17, 1899, William P. Bancroft entered into an inter vivos trust agreement with plaintiff's predecessor, Security Trust and Safe Deposit Company. The trust was funded by Bancroft's deposit with the trustee of the sum of $100,000. The agreement provided that the principal was to be invested in mortgages on real estate situated within fifty miles of the City of Wilmington. The net income of the trust was payable to Bancroft for life...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases