First National Bank v. Black Hills Fair Ass'n

48 N.W. 852, 2 S.D. 145, 1891 S.D. LEXIS 15
CourtSouth Dakota Supreme Court
DecidedMay 28, 1891
StatusPublished
Cited by16 cases

This text of 48 N.W. 852 (First National Bank v. Black Hills Fair Ass'n) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First National Bank v. Black Hills Fair Ass'n, 48 N.W. 852, 2 S.D. 145, 1891 S.D. LEXIS 15 (S.D. 1891).

Opinion

Bennett, J.

The plaintiff recovered a judgment against [148]*148the defendant upon default, and on the judgment an execution was issued. The sheriff, without indorsing upon the execution, “No personal property found,” and without any levy made upon the personal property of the defendant, levied upon certain real estate, the property of the defendant, and sold it'. This consisted of the S.E.-j,- of the S.W.i of section 18, upon which are the race track, which is inclosed, grand stand, exhibition rooms, band stand, stables, and fences of defendant; and the E.-J- of the N.W.i, and lots 1 and 2, in section 19, township 5, range 4 E. B. H. M., containing 198.29 acres, and all the improvements thereon. The same was advertised and was sold in bulk, not in several tracts. The return of the sheriff shows that he offered the above described property in separate parcels, but received no bids for the same, and then offered it as a whole, and it was sold to the plaintiff for $436.78, —the plaintiff being the highest and best bidder, — and that he executed, acknowledged, and delivered to the plaintiff a certificate of sale, and the execution was returned satisfied. The sale was made on the 4th day of February, 1889. On the 29th day of April, 1890, the defendant served a notice of motion for an order of the court to set aside and vacate the levy and sale, the same not having been previously confirmed. The grounds of the motion were: (1) That the personal property of said defendant was not first taken on execution; (2) that no indorsement;, “No personal property found,” was made on the execution before levy'on real estate; (3) that the real estate was sold together, and not separately; (4) that $62.50 paid is not credited on the judgment; (5) that the cashier of said plaintiff was vice president, treasurer, and a director of defendant; (6) that the price paid was wholly inadequate. Upon the hearing, affidavits and counter affidavits were offered. After hearing the same, the court overruled the motion to set aside and vacate, to which judgment of the court the defendant excepted, and perfected an appeal. The assignment of errors substantially raises the same points as in the motion to set aside and vacate, and need not be formally repeated. The sale was made Feb. 4, 1889. The motion to set aside was not made until May [149]*14912, 1890. The sheriff filed his report of sale in the clerk’s office on the 15th day of May, 1889, and no exceptions were filed for or on behalf of defendant to said report until after the time for redemption had expired. This does not seem to us to be within a reasonable time. Undoubtedly, a reasonable time must be some time within the period fixed by the law for redemption. If that period is allowed to expire, the application cannot afterwards be made, unless under special circumstances, showing some reasonable excuse for the delay, and then it would be doubtful if a court of law could afford the relief. Raymond v. Pauli, 21 Wis. 538; Stewart v. Marshall, 4 Iowa, 75. Numerous decisions are found that after the purchaser had paid his money and obtained a deed it is too late for a motion to set aside the sale. Sumner v. Moore, 2 McLean, 64; Blair v. Greenway, 1 Browne, (Pa.) 218; Chambers v. Stone, 9 Ala. 260. In the case at bar the abstract does not disclose that the respondent had received a deed from the sheriff, but, as the time for redemption had expired, he was entitled to one, and the appellant’s right was foreclosed as much as though a deed had actually passed. But, conceding that the motion was made within a reasonable time, the appellant insists that the sale should be set aside because it was not conducted in accordance with the statute, in this: that the sheriff did not indorse upon his writ, “No personal property found,” before making a levy upon real property. Section 5119, Comp. Laws, provides, in its last clause, that, ‘ ‘if no personal property be found, an indorsement to that efiect must be made on the writ, before levy is made on real property.” If no such indorsement is found upon th*e writ in question, nor any evidence in the return that appellant had not sufficient personal property to satisfy the execution, the sale, for that reason, should not have been confirmed. But the return of the sheriff states ‘ ‘that after diligent search and inquiry, as required by law, I could find no personal property of the defendant whereby this execution could be satisfied, in whole or in part, and I therefore made an endorsement on said execution to that effect, towit, ‘No personal property found;’ and thereafter, towit, on the 31st [150]*150day of December, A. D. 1888, by virtue of this execution, I duly levied upon and seized the following described real property, ” etc. The return shows that the sheriff made search for personal property. He received the execution at 4 o’clock A. m. , December 22, A. D. 1888, but did not levy on the real estate until the 31st day of December, 1888, nine days after it came into his hands, — a sufficient lapse of time to enable him to make the diligent search for personal property, and to have found it if the defendant had it. If the defendant had personal property, and it was not sufficiently public so that the officer could know that it belonged to them, it was its duty, if it wished to save its real estate, to turn over or expose such property to the officer before the sale. If it had such property, andso concealed it, or it was so placed out of the way that the sheriff could not find it, of what avail would it be to the creditor? It would be trifling with the officers of the law, and the law itself, to set aside a return for such reasons. If judgment debtors have personal property, let them turn it over, or put it out to the sheriff; and then, if he persists in selling the realty, they have cause for complaint. Until this is shown, the defendant has no cause for complaint. The return of the sheriff shows .clearly a compliance with the reason and spirit of the statute. It shows that he exercised a reasonable and ordinary diligence to discover personal property, and that is all that is required before levying on real property.

Again, it is claimed by appellant that the sale being made in gross was such an irregularity that should vitiate it. The appellant admits that the rule in most of the states is undoubtedly that mere irregularities will be no c&use for setting aside the sale when the property is bought by one not a party to the record, and without notice of such irregularities. But the appellant insists that the plaintiff and purchaser in the case at bar stands in a different position, and is charged with notice of all such irregularities. This position is, no doubt, correct; but do the facts set forth in the abstract warrant the setting aside of this sale because it was made in gross? We think not. The Code provides, as to sales of real property on execution, as [151]*151follows: “And wrhen the sale is of real property, consisting of several known lots or parcels, they must be sold separately. ” The object of this statute is to insure as large a price as possible, and also to enable a- debtor to redeem a part only of the land sold, if he desires. Yet it cannot be said that, in case no one is found to bid on each separate parcel or tract, the creditor is deprived of the privilege of having the land sold in gross after this fact has been ascertained. The provision of the law was designated to benefit the debtor, and also to give smaller purchasers the opportunity to buy subdivisions of the realty levied on, if any there 'should be found present at the sale.

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Bluebook (online)
48 N.W. 852, 2 S.D. 145, 1891 S.D. LEXIS 15, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-national-bank-v-black-hills-fair-assn-sd-1891.