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AMER. RUBBER & PLASTIC v. FIRST NAT. BK.

No. 43949.

50 Ill.2d 172 (1971)

277 N.E.2d 840

AMERICAN RUBBER AND PLASTIC CORP. et al., Appellees, v. THE FIRST NATIONAL BANK OF CHICAGO et al., Appellants.

Supreme Court of Illinois.

Modified on denial of rehearing January 27, 1972.

Attorney(s) appearing for the Case

WILLIAM T. HART and WILLIAM S. McDOWELL Jr. of SCHIFF, HARDIN, WAITE, DORSCHEL & BRITTON, of Chicago, for appellants.

WILLIAM J. SCOTT, Attorney General, of Chicago, (FRANCIS T. CROWE, LUCILLE LANE, and STEPHEN D. PORTER, Assistant Attorneys General, of counsel,) for Intervenor-Appellant, the People.

MILROY BLOWITZ and ALEXANDER J. ROSS, both of Chicago, for appellees.

Judgment affirmed.

MR. JUSTICE GOLDENHERSH delivered the opinion of the court:

The sole question presented in this appeal is whether a restriction in the nature of a right of first refusal contained in a trust instrument, and admittedly applicable in the event of sale by the trustees of certain shares of American Rubber and Plastics Corp. (ARP), applies in the event of their sale by the distributees of the trust...

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