Case ID: pa_327/html/0496-01.html
Source: Caselaw Access Project
Author: {"author": "Mr. Justice Linn,", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Donovan’s Estate.
    October 8, 1937:
    Argued May 19, 1937.
    Before Kephart, C. J., Schaefer, Maxey, Drew, Linn, Stern and Barnes, JJ.
    
      Lloyd J. Schumacher, trustee ad litem, appellant, in propria persona.
    
      Maurice Bower Saul, with him R. M. Remide, of Saul, Ewing, Remide d Saul, for appellee.
    
      Thomas Stokes, with him William Carson Bodine, of Pepper, Bodine, Stokes d Schoch, and Morgan, Lewis d Boekius, for intervenor.
    
      Henry S. Drinker, Jr., of Drinker, Biddle d Reath, filed a brief as amicus curiae.
   Opinion by

Mr. Justice Linn,

This appeal, like that in Carwithen’s Estate, 327 Pa. 490, is from a declaratory judgment that testamentary trustees have the right to invest in shares of stock. The opinions filed below are reported in 28 D. & C. Rep. 93. For the reasons stated in the opinion filed in Carwithen’s Estate, the judgment is reversed and the petition dismissed, costs to be paid out of the principal of the estate.