Memphis Sav. Bank v. Houchens

115 F. 96, 52 C.C.A. 176, 1902 U.S. App. LEXIS 4194
CourtCourt of Appeals for the Eighth Circuit
DecidedMarch 10, 1902
DocketNo. 1,430
StatusPublished
Cited by20 cases

This text of 115 F. 96 (Memphis Sav. Bank v. Houchens) is published on Counsel Stack Legal Research, covering Court of Appeals for the Eighth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Memphis Sav. Bank v. Houchens, 115 F. 96, 52 C.C.A. 176, 1902 U.S. App. LEXIS 4194 (8th Cir. 1902).

Opinion

THAYER, Circuit Judge

(after stating the case as above). From the foregoing summary of the pleadings and proceedings in the lower court, it is manifest that the original bill, which was filed by Nellie Houchens against Thomas H. Allen et al. in the circuit court for the county of Jefferson, state of Arkansas, was a bill to preserve and protect trust property, and to administer a trust, which, as she claimed, had been created for her benefit as well as for the benefit of all the other creditors of the firm of Thomas H. Allen & Co. The bill was filed upon the theory that the assignment executed by the firm of Thomas H. Allen & Co. at Memphis, Tenn., on November 24, 1890, created a trust in favor of all the creditors of that firm, including the complainant, as respects the Arkansas lands which were described in the bill; that this trust had been recognized and confirmed by the composition agreement that was entered into on December 20, 1890, by and between Thomas H. Allen & Co. and the creditors of said firm; and that unforeseen events had thereafter occurred which had interfered with the execution of the trust in the manner contemplated by the parties, and had so far jeopardized the safety of the trust property as to render an appeal for relief to a court of equity both a proper and necessary step. Upon this theory, the complainant below, who is the appellee here, accordingly exhibited a bill for relief in behalf of herself and all other creditors of the aforesaid firm who might see fit to join in the proceeding and contribute to the expense thereof. The bill was originally filed in Jefferson county, Ark., where a part of the trust property was located, and in a court possessing full common-law and equity jurisdiction. The original defendants to the bill, among whom were the assignors and M. B. Trezevant, the assignee named in the deed of assignment, all of whom were citizens and residents of the state of Tennessee, thereupon appeared in that court and obtained an order removing the cause to the federal circuit court for the Western division of the Eastern district of Arkansas, on the ground that Nellie Houchens, the complainant, was a citizen and resident of the state of Louisiana. This order of removal was properly obtained, and vested the federal circuit court with jurisdiction of the case; for although neither of the parties plaintiff or defendant resided in the Eastern district of Arkansas, yet it is now well settled that a citizen of a state who is sued in the courts of a state of which he is neither a citizen nor a resident, by a nonresident of that state, may remove the case to the federal circuit court of the district wherein the [102]*102suit was originally brought. In other words, the inhibition found in the act of August 13, 1888 (25 Stat. 433, c. 866), against bringing suits in the federal court otherwise than in the district of which the plaintiff or the defendant is an inhabitant, when jurisdiction depends upon diversity of citizenship, is a privilege accorded to the defendant, which may be waived, and is waived, by a removal under the circumstances above stated. Kansas City & T. R. Co. v. Interstate Lumber Co. (C. C.) 37 Fed. 3; Trust Co. v. McGeorge, 151 U. S. 129, 14 Sup. Ct. 286, 38 L. Ed. 98; Railway Co. v. McBride, 141 U. S. 127, 132, n Sup. Ct. 982, 35 L. Ed. 659. After the litigation to protect the trust property and enforce the trust was thus inaugurated, some of the creditors of the firm of Thomas H. Allen & Co., who were also beneficiaries in the alleged trust, namely, the Memphis Savings Bank, the Phoenix Fire & Marine Ins. Co., the City National Bank of Cairo, and the Hill Shoe Company (which is represented on this appeal by C. W. Edmunds, its assignee), who are the present appellants, did not see fit to come in and avail themselves of the benefits of the action which had been brought by the complainant, but, with a view, apparently, of obtaining a preference over the other creditors of that firm, they instituted suits by attachment in various state courts of the state of Arkansas, and caused the writs of attachment to be levied on a part of the alleged trust property, some months after the complainant’s bill had been exhibited, and some time after the defendants to that bill had appeared and removed the case to the federal circuit court, and the latter court had obtained full jurisdiction of the controversy. Such action on the part of the attaching creditors led, in the first instance, to an application by the receiver of the trust property, who had been appointed by the federal court on July 1, 1892, for an injunction to restrain them from selling the attached lands under the writs of attachment. At a later date, as heretofore explained, it also led to the filing by the complainant of a supplemental bill, by virtue of which the attaching creditors were made parties defendant to the litigation, and eventually were perpetually enjoined from asserting any right to the lands composing the trust estate under and by virtue of the levy of said writs of attachment.

The decree of the lower court, from which the appeal was taken, is assailed by learned counsel for the appellants on various grounds, but the fundamental question in the case, from our point of view, is whether the assignment which was executed by the firm of Thomas H. Allen & Co. on November 24, .1890, in favor of all their creditors, and the deeds executed by Thomas H. Allen and wife on the same day and subsequently, whereby they conveyed the Arkansas lands to M. B. Trezevant, the assignee, in furtherance of the purposes of the assignment, had the effect of creating a trust in favor of the creditors of the last-named firm as respects the Arkansas lands, which a court of equity will recognize and enforce. It is said that this assignment was not executed, or rather administered, by the assignee in conformity with the statutes of the state of Arkansas regulating general assignments for the benefit of creditors; that the lands in controversy, which formed a part of the assets of said firm, were all situated in the state of Arkansas; and that for these reasons the deed [103]*103of assignment was inoperative, and did not have the effect of creating a trust as respects any of the lands situated in that state. It is doubtless true that this contention would be well grounded if the assignment in question had been a purely domestic assignment, executed within the state of Arkansas by persons there domiciled, inasmuch as the assignee failed to file an inventory and bond in the proper office, as the laws of that state direct, and also failed to comply with the local law in some other respects. Because of such neglect to execute the trust in accordance with the local law, it is insisted that no rights were created by the assignment which any creditor of the firm can enforce. Sand. & H. Dig. Ark. §§ 319-324; Raleigh v. Griffith, 37 Ark. 150; Teah v. Roth, 39 Ark. 66; Collier v. Davis, 47 Ark. 367, 1 S. W. 684, 58 Am. Rep. 758. It is to be observed, however, that we are not dealing, on the present occasion, with a local assignment, but with one which was executed in the city of Memphis, Tenn., where the assignors were domiciled and had transacted business for a long time before the assignment was executed. It was a lawful assignment in the state where it was made and delivered, and operated to convey to Trezevant, as assignee, a large amount of property located in that city and state.

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Bluebook (online)
115 F. 96, 52 C.C.A. 176, 1902 U.S. App. LEXIS 4194, Counsel Stack Legal Research, https://law.counselstack.com/opinion/memphis-sav-bank-v-houchens-ca8-1902.