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KOUFMAN v. NEW ENG. MERCHANTS NATL. BK., BOSTON

9 Mass. App. Ct. 40 (1980)

402 N.E.2d 1062

CLINTON N. KOUFMAN & others vs. NEW ENGLAND MERCHANTS NATIONAL BANK OF BOSTON & another, executors, & others.

Appeals Court of Massachusetts, Suffolk.

January 11, 1980.

Attorney(s) appearing for the Case

Richard M. Zinner for the defendants.

John M. Reed for the plaintiffs.

Present: BROWN, GREANEY, & PERRETTA, JJ.

PERRETTA, J.

Louis F. Koufman and his son, the defendant Manuel M. Koufman, each owned fifty percent of the issued and outstanding stock in the defendant Koufman Development Corporation (KDC) at the time of Louis' death in 1965. The plaintiffs are all beneficiaries of a trust established under the residuary clause of his will.3 By this action commenced in the Superior Court pursuant to...

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