TRUSTS AND ESTATES-LEGACIES OF CORPORATE SHARES-RIGHT OF SELECTION

Allen, William O.

Journal: Michigan Law Review

Volume: 49

First Page: 776

Year: 1951

Bluebook Citation: 49 MICH. L. REV. 776 (1951)

Author: William O. Allen: all 4 publications


Abstract

Testator by holographic will bequeathed twenty-five shares of certain stock to legatee, a minor unrelated to the testator. At his death, testator owned twenty-one shares of preferred and fifty-three shares of common stock of the specified type, the preferred stock being the more valuable. Held, legatee had the right to select the most valuable combination of shares possible, or twenty-one shares of preferred and four shares of common stock. In re Connolly's Estate, (Pa.

Super. 1950) 71 A. (2d) 856.

Chat with this journal article using AI

Ask CiteLaw's AI Navigator anything about this journal article, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.