... Chancellor Walworth applied to a joint stock corporation â€” then a fairly new kind of entity â€”
a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring
suit on behalf of a trust when a faithless trustee refused to do so. ...
... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family
owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six
childrenâ€”Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...
... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted
in part, the termination of trust dated October 10, 1994 is vacated, respondent David M.
Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...
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