MTR. OF MORGAN GUAR TR CO


89 Misc.2d 1088 (1977)

In the Matter of Morgan Guaranty Trust Company of New York.

Surrogate's Court, New York County.

July 1, 1977


Attorney(s) appearing for the Case

Davis Polk & Wardwell (James W. Lloyd, David C. Oxman and William S. Beslow of counsel), for petitioner. William J. Kridel, guardian ad litem and for principal beneficiaries. Charles E. Heming guardian ad litem and for income beneficiaries. Louis J. Lefkowitz, Attorney-General (Walter Stedman of counsel), for charitable organizations.


MILLARD L. MIDONICK, S.

In this accounting proceeding for the period from November 1, 1967 to October 31, 1971, objections have been interposed on the purchase, sale and retention of various stocks and bonds which comprised a portion of a common trust. The proponent trustee bank moves for summary judgment dismissing all objections. The motion is based on a contention that the procedure which this corporate...

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