New York Court of Appeals

In the Matter of the Accounting of the National Bank and Trust Company of Norwich, as Executor of A. Bertsell…

July 15, 1931257 N.Y. 155

Summary

The Court held that the specific legacy of preferred stock was adeemed because the stock had been sold, and therefore the legatee was not entitled to the cash proceeds; the Appellate Division's reversal was itself reversed and the Surrogate Court's decree affirmed.