National Bank v. Campbell

Court of Appeals of Kentucky

National Bank v. Campbell

4 Ky. Op. 522, 1872 Ky. LEXIS 101

DecidedMarch 19, 1872

StatusPublished

This text of 4 Ky. Op. 522 (National Bank v. Campbell) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

National Bank v. Campbell, 4 Ky. Op. 522, 1872 Ky. LEXIS 101 (Ky. Ct. App. 1872).

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Opinion

Opinion ok the Court by

Judge Hardin:

The facts disclosed in the record satisfy ns that Mitchell made the deed to Spalding in violation of the provisions of the act of March 10, 1856, and that it operated as an assignment of his property for the benefit of his creditors; but as by the second section of that act suit should have been brought to subject the property within six months, and Spalding was not sued at all, • but only the bank and other beneficiaries under the deed, it is contended that for this cause the judgment must be reversed on two grounds; first, for a defect of parties, .Spalding not being sued; and second, he as the legal grantor not being before the court there was in fact no such action for subjecting the property as contemplated by the statute. The first ground of objection was, no doubt a cause of special demurrer, but the advantage not being so taken, it was waived. (Civil Code, sections 120, 121 and 123.)

Nor can we regard the other objection, taken to the'judgment, an available one for reversing the judgment. The deed vested nothing in Spalding, being the naked legal title; its plain and manifest, meaning and effect being to secure the bank as the beneficiary. We must regard this suit against that corporation, brought in apt time, as it was, as substantially an action under the statute for having the deed construed to operate as an assignment ; and if Spalding should be brought before the court for the purpose of passing the legal title to purchasers or others, it is not, as supposed in the argument, too late to do so yet.

The judgment is affirmed.

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Opinion ok the Court by

Judge Hardin:

The facts disclosed in the record satisfy ns that Mitchell made the deed to Spalding in violation of the provisions of the act of March 10, 1856, and that it operated as an assignment of his property for the benefit of his creditors; but as by the second section of that act suit should have been brought to subject the property within six months, and Spalding was not sued at all, • but only the bank and other beneficiaries under the deed, it is contended that for this cause the judgment must be reversed on two grounds; first, for a defect of parties, .Spalding not being sued; and second, he as the legal grantor not being before the court there was in fact no such action for subjecting the property as contemplated by the statute. The first ground of objection was, no doubt a cause of special demurrer, but the advantage not being so taken, it was waived. (Civil Code, sections 120, 121 and 123.)

Nor can we regard the other objection, taken to the'judgment, an available one for reversing the judgment. The deed vested nothing in Spalding, being the naked legal title; its plain and manifest, meaning and effect being to secure the bank as the beneficiary. We must regard this suit against that corporation, brought in apt time, as it was, as substantially an action under the statute for having the deed construed to operate as an assignment ; and if Spalding should be brought before the court for the purpose of passing the legal title to purchasers or others, it is not, as supposed in the argument, too late to do so yet.

The judgment is affirmed.

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Bluebook (online)

4 Ky. Op. 522, 1872 Ky. LEXIS 101, Counsel Stack Legal Research, https://law.counselstack.com/opinion/national-bank-v-campbell-kyctapp-1872.