The trustees estimated they could sell the Wall Street properties for about $30 million.
Under a trust for sale the trustees obviously can sell, and they are given by statute a discretionary power to retain.
Instead, the trustees of the will have sold the building, because the cost of coverting it was too high.
The origins of the society's current crisis are found in the 1990's, when its trustees, to avoid financial bankruptcy, sold part of the collection.
The trustees sold the estate in 1938 before she took possession.
Generally, a trustee will sell most of the debtor's assets to pay off creditors.
The following year she was committed and her trustees sold both newspapers.
Bryantsburg failed by April 30, 1867, when its trustees sold the church property.
Trinity school closed in 1866 and the trustees sold the property.
The current trustees, he said, were selling the coach house to finance their own agenda.