33:T526,{"@context":"https://schema.org","@type":"Legislation","name":"In Re the Accounting of New York Trust Co., 280 N.Y. 775","datePublished":"1939-05-17","legislationDate":"1939-05-17","citation":"In Re the Accounting of New York Trust Co., 280 N.Y. 775 (NY 1939)","countryOfOrigin":"USA","jurisdiction":"New York Court of Appeals","description":"Read the full text of In Re the Accounting of New York Trust Co. (In Re the Accounting of New York Trust Co., 280 N.Y. 775 (NY 1939)). This legal opinion, filed in 1939-05-17, from the New York Court of Appeals discusses important legal matters. Access this case and related legal documents on Midpage, an AI-powered legal research platform.","mainEntityOfPage":{"@type":"WebPage","@id":"https://app.midpage.ai/document/in-re-the-accounting-of-3584093"},"author":{"@type":"Organization","name":"Midpage"},"publisher":{"@type":"Organization","name":"Midpage"},"url":"https://app.midpage.ai/document/in-re-the-accounting-of-3584093","isPartOf":{"@type":"WebSite","name":"Midpage","url":"https://app.midpage.ai"},"inLanguage":"en","keywords":"legal, opinion, document, research, midpage, In Re the Accounting of New York Trust Co., New York Court of Appeals, In Re the Accounting of New York Trust Co., 280 N.Y. 775 (NY 1939)","isAccessibleForFree":true,"isFamilyFriendly":true}35:T415,

Lead Opinion

Order affirmed, with costs payable out of the estate. No opinion.

*776 Concur: Lehman, IIubbs, Loughran and Rippey, JJ. Taking no part: O’Brien, J. Crane, Ch. J., dissents in the following memorandum in which Finch, J., concurs:

Dissenting Opinion

Crane, Ch. J.

(dissenting). The testator gave directions in the fifth clause of his will and the executors followed them. The sudden financial collapse of 1929 and 1930 was so extraordinary that the executors cannot be called negligent because they anticipated what everybody else did ■— a rise from a sudden drop. We are all wise after the event.