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Bank of Delaware v. Delaware Trust Company

Supreme Court of Delaware
Jun 29, 1971
280 A.2d 534 (Del. 1971)

Opinion

June 29, 1971.

Upon appeal from Chancery Court. Affirmed.

Rodney M. Layton and Jane R. Roth of Richards, Layton Finger, Wilmington, for Bank of Delaware, defendant below, appellant.

David F. Anderson and Richard L. McMahon of Potter, Anderson Corroon, Wilmington, for Delaware Trust Co., defendant below, appellant.

James M. Tunnell, Jr. and Richard S. Paul of Morris, Nichols, Arsht Tunnell, Wilmington, for Delaware Trust Co., plaintiff below, appellee, and individual defendants below, appellees.

WOLCOTT, C.J., and CAREY and HERRMANN, JJ., sitting.


In this proceeding arising from a request for instructions as to the proper distribution of the corpus of the trust, the Chancery Court's opinion appears at 269 A.2d 256. For the reasons therein stated, we affirm the conclusion of the Chancery Court as to the intent of the testatrix. It is our opinion that the language of the Will, when viewed in its entirety and in the light of surrounding circumstances, is abundantly clear to warrant the conclusion reached by the Chancery Court as to intent.

The appellants rely upon Bedyk v. Bank of Delaware, Del.Supr., 176 A.2d 196 (1961). We find no error in the Chancery Court's application of the rule of that case.

The appellants also complain that the Chancery Court relied upon certain cases in other jurisdictions holding that when contingent gifts are made to a class, determination of the membership of the class is deferred until the gift vests. In view of our holding that the intent of the testatrix is clear on the face of the Will, we do not reach the latter point.

The order below is affirmed.


Summaries of

Bank of Delaware v. Delaware Trust Company

Supreme Court of Delaware
Jun 29, 1971
280 A.2d 534 (Del. 1971)
Case details for

Bank of Delaware v. Delaware Trust Company

Case Details

Full title:BANK OF DELAWARE, formerly Equitable Trust Company, a Delaware…

Court:Supreme Court of Delaware

Date published: Jun 29, 1971

Citations

280 A.2d 534 (Del. 1971)

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