MATTER OF HEIDENREICH


85 Misc.2d 135 (1976)

In the Matter of The Estate of Alice M. Heidenreich, Deceased.

Surrogate's Court, Nassau County.

January 23, 1976


Attorney(s) appearing for the Case

Corner, Finn, Dwyer & Charles for petitioner. Hughes, Hubbard & Reed for Federal Deposit Insurance Corp., as receiver of Franklin National Bank. Mudge, Rose, Guthrie & Alexander for Franklin National Bank. Leo F. McGinity, guardian ad litem.


JOHN D. BENNETT, J.

In these accounting proceedings the guardian ad litem interposed the following objections:

(1) That the fiduciaries be surcharged for retaining convertible preferred stock of Franklin New York Corporation, the parent corporation of Franklin National Bank, a successor trustee herein;

(2) That the fiduciaries should be surcharged for depositing trust funds in savings accounts...

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