majority">Miller, P. J.

By the last will and testament of John Robison, deceased, provision was made for an accumulation of interest upon certain investments made for the benefit of minors, by virtue of which the executrix received, on account of the fund referred to, accumulations of interest for a number of years. This provision was clearly void by the Revised Statutes, which provides that accumulations of such a character must terminate at the expiration of the minority of the minors for whose benefit it is made. (Hawley v. James, 5 Pai., 480; Hull v. Hull, 24 N. Y., 647, 650; 1 R. S., 726, § 37; id., 773, § 2.) The surrogate decreed that the executrix was liable' to account to the respondents for the same. They are the legatees named in the will, and .the first question to be determined is whether they were entitled to these accumulations. Their claim is based upon the ground that they are “ presumptively entitled to the next eventual estate.” (See 1 R. „ S., 726, § 40.) The provision of the will under consideration, I think, shows an intention on the part of the testator to make provision for the respondents, who were his nephews, and had, therefore, strong claims upon his bounty. They were named specifically in the will, and it is evident were intended to be the beneficiaries of this portion of his estate. The devise to the respondents upon the death of the executrix and trustee was a valid one, and the accumulation only was void because in contravention of the statute. They were, therefore, entitled to the whole estate. Wills may be *168void in part for some illegality or violation of law, and valid as to the ¡residue. The direction only may be void, while the devise itself may be valid. ( Williams v. Williams, 8 N. Y., 538.) And where there is a void trust for the accumulation of money, it does not invalidate the gift of the principal. (Kilpatrick v. Johnson, 15 N. Y., 322; Haxtun v. Corse, 2 Barb. Ch., 508; Lang v. Ropke, 5 Sandf. S. C., 363, 371.)

The case of Hull v. Hull, supra,is cited as authority for the doctrine that the accumulations of interest belong to the next of kin; but I think that there is a distinction between the two cases, and it is not apparent in that case what the intention of the testator was, as -it is in the case at bar. The question of intention is not discussed in the opinion of the learned judge, and the will does not expressly direct in strong and emphatic terms, as the clause in question, a distribution of the principal and interest.

The authorities settle the question that 1 R. S., 726, § 40, applies to the income arising from personal property, the absolute ownership of which is suspended by force of the statute concerning accumulations of personal property and expectant estates in such property, notwithstanding the doubt expressed in Phelps v. Pond (23 N. Y., 83).

I think that the surrogate had ample power to compel an accounting of the executrix under the statutes of this State (2 R. S., 220, § 1, subs. 3 and 6 ; Laws of 1867, p. 1926), provided that the accumulations of interest were received by her as such executrix; and the fact that the respondents rest their claim upon the ground that they are presumptively entitled to the next eventual estate, does not deprive that officer of jurisdiction. It is enough that the appellant acted as executrix and trustee under the will to render her amenable to the jurisdiction of the Surrogate’s Court, within the statutes cited. It is said that she did not act in any such capacity. By what authority did she assume to take charge of the fund in question ? She had the principal under her control, and, having' the principal, was thereby authorised to receive the interest. This authority was clearly valid, *169even although the accumulation was void, and the trust, to this extent, invalid. The trust, at least, was valid, to a certain extent, as is apparent, and the payment of money under it, under such circumstances, could not well he invalid. It is difficult to see how any other remedy could be applied so efficiently to compel the accounting as the proceedings before the surrogate.

The statute of limitations has no application to a case of this kind. The executrix acted as a trustee for the respondents. As already shown, the trust was good, in part, if not entirely valid, and all the moneys were received under and by virtue of the trust created. The rule is well settled that no lapse of time is a bar to a direct trust, as between executor and trustee and cestui que trust. (Decouche v. Savatier, 3 Johns. Ch., 190,216; Goodrich v. Pendleton, 3 Johns. Ch., 384; Coster v. Murray, 5 Johns. Ch., 522.)

The case differs from the ordinary proceedings by a legatee for an accounting, as the claim arises under the provisions of a will creating a trust.

It is claimed by the respondents that the surrogate erred in withholding from them the income, rents, profits and increase of the estate during their minority. It is true that this portion of the bequest was valid, but inasmuch as the will provides that it shall remain invested during the life of the executrix, and be divided upon her death, I am inclined to think that it remains in her hands until that period as so much principal. The accumulation terminates at the expiration of the minority, and then all subsequent interest accumulating must be paid over; but what is on hand remains until the termination of the contingency upon which the property is held.

As the questions involved in this case are by no means free from difficulty, I think that, in the exercise of a proper discretion, the costs of both parties on the appeal should be paid out of the fund. The decision of the surrogaie must be affirmed.

Decree affirmed.

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