Conroy v. Equitable Trust Co.

Headnote

Trusts and trustees — accounting — title as between estate of life tenant and remainderman to dividends declared after death of life tenant.

Conroy v. Equitable Trust Co. of N. Y., 207 App. Div. 839 , affirmed.

Equitable Trust Co. of N. Y. v. Kingsley, 207 App. Div. 839 , affirmed.

Appeal, in the first of the above-entitled actions, by permission, from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered November 16, 1923, unanimously affirming a judgment in favor of defendants entered upon a dismissal of the complaint by the court on trial at Special Term.

Appeal, in the second of the above-entitled actions, from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered November 16, 1923, unanimously affirming a judgment in favor of plaintiff and defendants, respondents, entered upon a decision of the court on trial at Special Term. Said judgments at Special Term approved the account presented by the Equitable Trust Company as successor trustee of Margaret L. Kingsley, deceased, and decree that the trust under which said trust company acted as trustee terminated on March 8, 1916, the date of the death of Margaret L. Kingsley, who was fife tenant; that thereupon her daughter, Charlotte M. Kingsley, remainderman under said trust, became vested with all the property thereof, including 200 shares of the preferred stock of the Pittsburgh Coal Company of New Jersey, and all dividends thereon formally declared after Margaret L. Kingsley’s death, and that these appellants, as executors

of her will, were not entitled to any part of said trust estate or to any interest in the dividends from the said stock of the Pittsburgh Coal Company.