
    Matter of the Estate of Isaac F. Jones, Deceased.
    (Surrogate’s Court, New York County,
    January, 1900.)
    Executor and administrator — Accounting — Legatees, after a life estate, are “ persons interested ”. in the estate — Statute of Limitations does not avail a trustee.
    Where a will makes its executrix a trustee of a fund during her own life and that of her mother, and directs that the corpus shall thereafter pass absolutely to legatees named, they are “ persons interested” in the estate and as such may compel, her judicially to settle her accounts as executrix, although twenty-seven years have elapsed since she qualified; and, this, because the Statute of Limitations does not begin to run in favor of one occupying a trust relation until she has, by some open act or declaration, repudiated and denied all trust liability.
    Application for an accounting.
    D. Frank Lloyd, for petitioners.
    John C. Gulick, for respondent.
   Thomas, S.

The legacies to which the petitioners will become entitled on the death of the respondent, who is the daughter and surviving executrix of the testator, are not yet payable, but they are none the less “ person interested in the estate (Code Civ. Pro., § 2514, subd. 11) and qualified to invoke the jurisdiction of this court to compel a judicial settlement of the accounts of the executrix. Code Civ. Pro., §§ 2726, 2727. More than twenty-seven years have elapsed since letters testamentary were granted to the respondent, and no judicial settlement of her accounts has been had or applied for, and no account has been presented to the court, except that, in 1873, a statement of assets and disbursements was filed in this court by the executrix, on the motion of the surrogate. The Statute of Limitations does not furnish a sufficient answer to the application. It is conceded that the respondent received assets as executrix under a trust obligation to apply the income to the support of herself and her mother during their joint lives, and to pay the corpus over to the ultimate legatees. This trust she has never publicly renounced or repudiated, but, on the contrary, she now fully admits it. A duty of a trustee of every class, including executors, is to keep the trust estate safely, and to furnish reasonable information of his acts and doings to the parties in interest from time to time. The performance of this duty by an executor or administrator by means of am “intermediate account” may be required by this court under section 2725 of the Code of Civil Procedure, without a judicial! settlement (Code Civ. Pro., § 2514, subd. 9), or by a judicial settlement of the account under sections 2726 and 2727. The duty to account on the application of a party interested in the fund is a continuing duty, and no Statute of Limitations can aid the trustee until, by some open act or declaration repudiating and denying all trust liability, a duty of diligence is cast upon the persons claiming right under the trust. Foster v. Town, 2 Dem. 335; Matter of Camp, 126 N. Y. 377, 389. If the legacy had become payable and the time within which it could be enforced had expired, so that the statute had barred all remedy upon it, the legatee would no longer have been a “person interested” in the estate, and would not be in a position to demand an accounting as to property as to which he was a stranger, in the face of a plea of the statute; but no such facts are claimed in this case. The appliciution for a judicial settlement of the account is granted, and the1 respondent is directed to file her account within twenty days after service of order.

i

Application granted and respondent directed to file account-within twenty days after service of order.  