A group of Ipswich residents has asked the state Supreme Judicial Court to decide if Little Neck should have been sold for $31.4 million in August to 166 cottage owners, dissolving one of the nation’s oldest land trusts.

“We just feel this is such an important case, it requires the court’s review,” said Catherine Savoie, an attorney at Posternak, Blankstein & Lund, a Boston law firm representing the residents.