Collins v. Hall

104 La. 573
CourtSupreme Court of Louisiana
DecidedNovember 15, 1900
DocketNo. 13,674
StatusPublished
Cited by1 cases

This text of 104 La. 573 (Collins v. Hall) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Collins v. Hall, 104 La. 573 (La. 1900).

Opinion

Statement op the Case.

The opinion of the court was delivered by

Nicholls, O. J.

Mrs. Sarah R. Collins, alleging herself to be a creditor of the Succession of William E. Weeks, and so recognized to be by its administrator, prayed the court to rule the said administrator t ■> show cause why he should not be ordered to furnish a new and additional bond in a sufficient amount.

The application was based upon averments that several years had elapsed since the administrator had furnished bond as is required by law. That the bond which he had furnished having been insufficient do initio, became doubly so because of the many incumbrances upon the properties of the sureties, one of whom was the wife of the administrator.

That, under the provisions of Article 1195 of the Civil Code and other provisions thereof, she was entitled to require the furnishing of new and additional security within such time as the court should prescribe.

The rule to show cause having issued, the administrator, on July 24, 1900, answered that it should be denied and discharged, because plaintiff therein did not state the nature and amount of her claim, which was an ordinary one, and because her claim was subject to reduction by reason of the pro rata distribution of the funds nf the estate, said pro rata being necessitated by the insufficiency of said funds to meet the liabilities of the estate, as would be made to appear by the tableau of distribution and classification of the debts and assets thereof which appearer had been ordered to file on the 15th day of September, next, by the court. Because plaintiff in rule does not allege that her interest as creditor of said estate are jeopardized either because of the insolvency of the sureties on appearer’s judicial bond, or because of the maladministration of respondent as administrator of the estate.

Because all the privilege and mortgage debts of the estate had been paid by appearer, save that of the Citizens’ Bank, appearer representing that that claim is, however, secured by special mortgage on the property owned personally by the surety on his judicial bond, and donated to her by Wm. F. Weeks, by donation inter vivos; that said property [575]*575forms no part of the assets of the estate; and that although said bank was a creditor of the estate as holder of notes subscribed in its favor by Wm. F. Weeks, those notes are secured by mortgage on that property as set forth; that that claim being secured to the extent of the value of said property, which was fully worth ten thousand dollars, plaintiff’s claim was thereby made doubly sure whatever might be the amount of that claim as fixed hereafter by judgment of court.

That the Citizens’ Bank was, furthermore, secured by twenty thousand dollars of stock of the Myles Salt Mine Company, which it holds as collaterals for said claim; that the absolute protection thus afforded by the special mortgage aforementioned, and the stock held as collaterals, completely secured the bank’s claim which was the only claim really existing against the estate.

Because the surety on his bond was absolutely solvent, owning and having in her own name property immovable, as well as movable, exceeding in value all her liabilities, including her responsibility as surety on his bond, by at least ten thousand dollars.

That, for these reasons, plaintiff’s demand for an additional surety was unreasonable and countenanced neither by law nor by the facts.

In view of the premises, he prayed that plaintiff’s rule to show cause be denied and discharged at her costs, and for relief.

The court rendered judgment ordering the administrator to furnish new bond with additional security for an amount one-fourth over and above the sum of thirteen thousand nine hundred and seventy-five dollars and fifty cents. It held that the amount of the inventory should have been thirteen thousand nine hundred and seventy-five 50-100 dollars, instead of thirteen thousand, eight hundred and 50-100 dollars, as property to the amount of one hundred and seventy-five dollars had been left out; that the amount of bond being for seventeen thousand two hundred and thirty-one dollars, was insufficient in amount and it should be for seventeen thousand four hundred and sixty-nine 37-100 dollars. That the valuation of the property of both sureties on the bond would, at a fair valuation, be amply sufficient for the security of the bond, but that it had been shown that one of the sureties was the wife of the administrator and not a competent surety. That this would necessitate the giving of additional security as the tangible property of the other surety, after deducting the amount of mortgages, was not sufficient alone to secure the bond.

The administrator appealed.

[576]*576Opinion.

On the first of July, 1898, an inventory was made of tbe property of tbe Succession of W. F. Weeks; it disclosed property to the value of thirteen thousand eight hundred dollars and fifty cents.

Gilbert L. Hall qualified as administrator of the succession, executing a bond of seventeen thousand two hundred and fifty-one dollars.

It having been ascertained that certain property had been omitted from the inventory, a supplemental inventory was made fixing the value of the omitted property at one hundred and seventy-five dollars.

Had this property been included in the original inventory, the total value of the property of the estate would have been appraised at thirteen thousand nine hundred and seventy-five dollars and fifty cents ($13,975.50).

The security to be given by every administrator is ’ordered by Article 1048 of the Civil Code to be one-fourth beyond the estimated value of the movables and of the credits comprised in the inventory, exclusive of the bad debts.

The administrator of this particular succession should properly have executed a bond for seventeen thousand four hundred and sixty-nine dollars and thirty-seven cents ($17,469.37-100).

It is the duty of administrators, executors, curators and syndics, at least once in every twelve months, to file a full account of their administration. Hall, administrator, having failed to render such an account, Mrs. Sarah A. Collins, a creditor of the succession, ruled him into court to show cause why he should not furnish new, additional security for the faithful performance of his duty.

■ This application was based upon Sections 3695, 3697 and 3698 of the Revised Statutes.

The administrator resisted the application, but the court made the rule absolute, and the administrator appealed.

■ lie urges in this court that since his bond was executed, the property of the succession has been sold and the assets greatly reduced by payments of privileges; that the debts presently due by the succession do not reqiuve for their full security any greater amount of bond flian was furnished. That Mrs. Collins holds a small claim which is amply secured; that his surety, Miss Harriet Weeks, has property more than sufficient to make her a competent security.

He further urges that even if he should furnish new or additional [577]*577security, the judgment is uncertain and insufficient as it does not inform him what amount of security he should furnish.

The right of a creditor of a succession to call for additional security is not determined by the amount of his claim.

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Succession of Price
2 So. 2d 29 (Supreme Court of Louisiana, 1941)

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Bluebook (online)
104 La. 573, Counsel Stack Legal Research, https://law.counselstack.com/opinion/collins-v-hall-la-1900.