Case ID: pa-d-c2d_26/html/0450-01.html
Source: Caselaw Access Project
Author: {"author": "Taxis, P. J.,", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Shaner Estate
    November 2, 1961.
   Taxis, P. J.,

... In examining the present account, one matter need be discussed. Several entries in this account seem to indicate quite clearly that the executors have been purchasing securities on margin. This is improper fiduciary action. Cf. Restatement of Trusts 2d §227, comment (f); English v. McIntyre, 51 N. Y. S. 697 (App. Div., 1898); In re Hirsch’s Estate, 101 N. Y. S. 893 (App. Div., 1906). ...