New York Court of Appeals
United States Trust Company of New York, as Trustee Under the Will of Charles F. G. Heye, Deceased, Appellant and…
October 8, 1918224 N.Y. 242
Summary
The New York Court of Appeals apportioned various Standard Oil stock distributions between income for the life tenants and principal for the remaindermen, holding that most of the 1911‑1912 stock returns represented a rearrangement of principal, except for specific allocations of Standard Oil Co. (California), Standard Oil Co. (Nebraska), and the Illinois and Prairie Pipe Line companies which were treated as income.