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

Authors

William O. Allen, University of Michigan Law SchoolFollow

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.

Recommended Citation

William O. Allen, TRUSTS AND ESTATES-LEGACIES OF CORPORATE SHARES-RIGHT OF SELECTION, 49 Mich. L. Rev. 776 (1951).
Available at: https://repository.law.umich.edu/mlr/vol49/iss5/18