Kirgan v. M & T Trust Co.

The evidence fails to show that a corporate trustee violated the terms of the governing will or is otherwise incapable of properly performing the duties of its office. None of the evidence demonstrated that the corporation’s actions were not in the trust’s interests, and the corporation had no legal duty to keep minutes of trustee meetings.

However, all trustees must promptly meet and schedule regular meetings, which must be regularly attended by all trustees. The trustees must also arrange for a study of the proper amount of trustee compensation.

No trustees will be removed at this time.

Kirgan v. M&T Trust Co., No. 1:17cv327, Nov. 29, 2018. EDVA at Alexandria (Hilton).

Categories: Opinions, U.S. District Court - Eastern District of Virginia

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