New York Court of Appeals
In the Matter of the Accounting of the Empire Trust Company, as Executors of George K. Garvin, Deceased…
June 9, 1931256 N.Y. 518
Summary
The Court of Appeals affirmed the Appellate Division’s decree, modifying it to require the executors to pay the infant beneficiary the amount she would have received had the stock been sold at $200 per share by May 10, 1920, with interest, tax adjustments, and dividend offsets, while finding no liability to the widow and affirming the court’s power to charge the executors personal costs.