In Re the Accounting of Bankers Trust Co.

277 N.Y. 650 | NY | 1938

Motion for a reargument or to amend remittitur denied, with ten dollars costs and necessary printing disbursements.

We think our opinion in Matter of Otis (276 N.Y. 101) does not imply that fiduciaries may distribute surplus income before all advances from principal are repaid. We are also of opinion that no valid distinction may be made in that regard between "principal obligations" and "income obligations."