Citizens Bank & Trust Co. v. Smith

121 So. 900, 97 Fla. 601
CourtSupreme Court of Florida
DecidedApril 16, 1929
StatusPublished
Cited by13 cases

This text of 121 So. 900 (Citizens Bank & Trust Co. v. Smith) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Citizens Bank & Trust Co. v. Smith, 121 So. 900, 97 Fla. 601 (Fla. 1929).

Opinion

Whitfield, P. J.

A bill was brought September 22, 1927, by Citizens Bank and Trust Company to subject separate property and separate estate of a married woman for the price of property purchased by her.

It is in substance alleged that complainant Bank and Trust Company is the holder of a promissory note signed by the defendant Ella B. Smith and her husband, Fred L. Smith, for $9,000.00, which note was before maturity and for valuable consideration sold and assigned to complainant by the Kennedy Corporation, a copy of the note being made a part of the bill of complaint; that the note represents an indebtedness and obligation incurred for the purchase price of a ninety-nine-year lease upon described real estate purchased by the defendant Ella B. Smith from the Kennedy Corporation; that the lease was sold and assigned to Ella B. Smith on her sole credit and not on credit of her husband, Fred L. Smith, who is insolvent, and no part of the note has been paid nor has any part of the balance of $9,000 on the purchase price of said lease been paid; that the said indebtedness is for property purchased by the defendant Ella B. Smith as stated; that the defendant Ella B. Smith is seized and possessed of separate statutory real property in Pinellas *604 Comity, Florida, description being given; that the defendant Ella B. Smith is also the owner of another ninety-nine-year lease covering described real estate, the said lease having been assigned by the said Ella B. Smith to the defendant American Bank and Trust Company, a corporation, the said lease being held by the said corporation as trustee for the defendant Ella B. Smith,-and being the “equitable separate property” of the defendant Ella B. Smith.

It is prayed that an accounting may be'had between complainant and defendant Ella B. Smith, and the amount due complainant bjr said defendant determined and the said defendant ordered to pay the same, and that in the event the same be not paid that “the property hereinabove described be charged with said indebtedness and sold” by the order of the Court for payment of the same; that the defendant Ella B. Smith be decreed to be the owner of the ninety-nine-year leasehold interest that she assigned to the bank, and that the defendant American Bank and Trust Company may be decreed to. hold said lease-hold interest as trustee for the defendant Ella B. Smith, and for general relief. There is no prayer for attorney fee.

The promissory note made a part of the bill of complaint is as follows:

$9000.00 St. Petersburg, Fla., July 1st, 1926.
On or before one year after date we promise to pay to the order of
TPIE KENNEDY CORPORATION
NINE THOUSAND ($9000.00) and no/100 DOLLARS, at First National Bank of St. Petersburg, Florida
For value received, with interest from date at the rate of eight per cent per annum, payable semi-annually. Now should it be necessary to collect this note through an attorney,' either of us, whether maker, security or endorser on this note, hereby agree to pay all costs of *605 such collection, including a reasonable attorney’s fee. The drawers and endorsers severally waive presentment for payment, protest and notice of protest for non-payment of this note.
Ella B. Smith
Fred L. Smith
(ENDORSED ON BACK OF NOTE)'
The Kennedy Corporation
by J. Kennedy Block
President.

A demurrer to the bill of complaint was sustained and the bill dismissed. Complainant appealed.

Section 2, Article XI of the Constitution of 1885, in effect provides that a married woman’s separate real and personal property may be charged in equity and sold, or the uses, rents and profits thereof may be sequestrated (1) for the purchase money thereof; or (2) for money or thing due upon any agreement made by her in writing for the benefit of her separate property; or (3) for the price of any property purchased by her; or (4) for the value of labor and material used with her knowledge or assent in the construction of buildings, or repairs, or improvements upon her property; or (5) for the value of agricultural or other labor bestowed upon her separate property with her knowledge and consent. The intent of the organic provision is not to authorize married women to contract generally with reference to their separate property, but to define a remedy in equity against the separate real and personal property of a married woman for stated debts or obligations incurred by her or for the benefit of her separate property in the manner designated in the specifically stated five classes of cases where the organic and statute law of the State has not afforded such remedy, (though courts of equity had given similar remedies), and where mortgage liens to secure such *606 debts or obligations are not given as authorized by organic or statutory provisions. This section provides for five distinct classes of cases in which a married woman’s separate property may be charged in equity for debts incurred by her. The language was carefully chosen and a field of operation should be accorded to each of the five designated classes of cases. It is not likely that any particular obligation will fall within more than one of the designated classifications; so that the remedy will ordinarily operate upon each case as coming within one and only one of the enumerated classes of cases. If a case more properly comes within one of the specified classes of cases, the remedy that is appropriate to that class only should be invoked.

It is appropriate here to consider the provisions of Sec. 2, Art. XI of the Constitution with reference to two of the classes of cases specified therein, the first part of the section being repeated 'so as to show its relation to each of the two provisions here discussed, viz.: “A married woman’s separate real and personal property may be charged in equity and sold, or the uses, rents and profits thereof sequestratéd for the purchase money thereof.” “A married woman’s separate real and personal property may be charged in equity and sold, or the uses, rents and profits thereof sequestrated * * * for the price of any property purchased by her. ’ ’

The first provision above quoted making a married woman’s separate property subject in equity “for the purchase money thereof, ’ ’ is intended to apply where property purchased by a married woman remains hers in kind, and is not commingled with her other separate property, as lands or interests therein, or personal property retaining its identity; and where no mortgage has been given to secure the purchase price. In such cases the property purchased by the married woman (and not her other separate prop *607 erty) may under this provision be subjected in equity “for the purchase money thereof,” where she has given no mortgage lien to secure the purchase price.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Sheridan, Et Vir v. Respess
3 So. 2d 704 (Supreme Court of Florida, 1941)
Kellogg-Citizens National Bank of Green Bay v. Felton
199 So. 50 (Supreme Court of Florida, 1940)
Caravasios, Et Vir v. Vanderpool Co.
182 So. 603 (Supreme Court of Florida, 1938)
Davis, Et Vir v. Battle
182 So. 243 (Supreme Court of Florida, 1938)
Gregg v. Fitzpatrick
187 S.E. 730 (Court of Appeals of Georgia, 1936)
Durrance, Et Vir. v. Mallett-Brown Co.
168 So. 829 (Supreme Court of Florida, 1936)
Smith v. Franklin
20 Pa. D. & C. 131 (Philadelphia County Court of Common Pleas, 1933)
Oates v. Prudential Insurance Co. of America
144 So. 418 (Supreme Court of Florida, 1932)
Cornell v. Ruff
141 So. 535 (Supreme Court of Florida, 1932)
Barritt v. Swan
141 So. 747 (Supreme Court of Florida, 1932)
American Bank & Trust Co. v. Rogers
137 So. 884 (Supreme Court of Florida, 1931)
Sumner Et Vir. v. Osborne
135 So. 513 (Supreme Court of Florida, 1931)
Blodgett v. Steinmetz
123 So. 761 (Supreme Court of Florida, 1929)

Cite This Page — Counsel Stack

Bluebook (online)
121 So. 900, 97 Fla. 601, Counsel Stack Legal Research, https://law.counselstack.com/opinion/citizens-bank-trust-co-v-smith-fla-1929.