Prieur v. Their Creditors

2 Rob. 541
CourtSupreme Court of Louisiana
DecidedJuly 15, 1842
StatusPublished

This text of 2 Rob. 541 (Prieur v. Their Creditors) 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
Prieur v. Their Creditors, 2 Rob. 541 (La. 1842).

Opinion

Garland, J.

In May, 1834, Townsley, Prieur & Co., made a cession of their property, and at a meeting of their creditors, Alexander Prieur, one of the partners, was appointed syndic, and took upon himself the administration of the estate surrendered. The amount surrendered, in debts and property, was $220,865 08, and the liabilities, direct and indirect, a considerable sum more. The creditors, at their meeting, fixed the terms of sale of the property surrendered; and their proceedings were soon after homologated. The record shows no further proceedings in the case until the 20th of December, 1838, when Joseph Lallande, as creditor on the Ulan, called upon the syndic to file in court a statement of the funds he had collected, and of the amount he had then on hand, also a statement of his account with the Bank or Banks in which he deposited the funds, and, further, to show cause why he should not forthwith filq a tableau of distribution and an account of his administration. In obedience to this order the syndic filed an account of various sums received and paid by him, amounting to [542]*542about $58,000 ; and also a tableau of distribution, of which notice was given, and the creditors called on to make opposition. Some few days after, the judge made a further order on the syndic, to file a statement of his accounts with the Bank or Banks in which he deposited his funds, to which he replied that he had no other account than he had represented in the tableau, and prayed for the homologation of the account and his discharge as syndic.

To this account and tableau Lallande made opposition, on the grounds : First, That as it appeared from the schedule filed in 1834, that property and assets to the amount of $220,865 08 had been surrendered, and as only $57,209 06 were accounted for, the syndic ought to be compelled to render an account of the balance, amounting to nearly $168,000.

Second, That as the syndic sold the real estate and property surrendered, without a special order of court, he is liable for its value, which is much more than he has accounted for, to wit, $60,000.

Third, That the syndic had no right to pay to David Olivier, the amount of S. Cucullu’s notes for $2,212 50. He avers that those notes were held by Olivier as collateral security ; that they were never pledged to him ; and that the payment, in the manner which the syndic has made it, injures the opponent.

Fourth, That it appears that many persons, who are named by the opponent, were indebted to the insolvents in large sums of money, and that the account does not show, with but very small exceptions, the sums collected from them, or that any efforts have been made to recover those debts.

Fifth, That the syndic is not entitled to kny commission, as he has not faithfully and diligently administered ; and that the whole account should be rejected as irregular, being unsupported by vouchers, and affording no information to the creditors.

It is, therefere, prayed, that the account may be rejected, and the syndic ordered to file a new one prepared in conformity with the aforesaid grounds of opposition, and supported by vouchers, and exhibiting all the transactions of the syndic, and the disposition of the assets which came into his hands ; that the syndic be made personally responsible for the value of the property which came into his hands, for the sum of $2,212 50 paid to [543]*543Olivier, and for all the assets ceded to the insolvents, and which have not been administered.

On motion of the syndic the tableau was homologated, so far as it was not opposed, on the 23d of January, 1839.

On the first ground of opposition, the parish judge was of opinion that the syndic, being the agent of the creditors, was bound to render a full and complete account of every item of property that came into his possession, showing how it had been disposed of, what it produced, and, with regard to claims against the debtors of the estate, what part of such claims have been paid, what proceedings have been commenced to enforce the payment, and what reasons exist for not enforcing the payment of others, and to satisfy the creditors in all things that due diligence and attention have been bestowed in the fulfillment of the trust. The judge says that it is to be supposed that the syndic is willing to render such an account, but that as he has not done so, it is the right of every creditor to call for it.

As to the second ground, that the syndic sold the property surrendered without an order of court, the judge states that he sees nothing illegal in it, as the creditors fixed the terms of sale at their meeting, the deliberations of which were duly homologated. This the judge considers sufficient, without a special petition and order, which would have been issued of course, after the creditors had agreed among themselves. He, therefore, thought that the syndic had incurred no liability, but that it was his duty to satisfy the creditors as to the manner in which the property had been disposed of.

In relation to the third ground of objection, the judge decided that the payment to Olivier was correct, and states that the objection was abandoned on the trial, an authentic act of pledge having been given in evidence.

As to the fourth ground, that many persons were indebted to the estate in large sums of money, and that the tableau does not show what has been recovered, or what efforts have been made to recover such debts, the judge states this to be but a specification of the first point, on which he has given an opinion.

As to the fifth ground, that the syndic is not entitled to his commission, the judge says, that as long as it is not fully proved that [544]*544the syndic has faithfully and diligently administered the insolvents’ estate, he is not entitled to remuneration as a mandatary. That the commission can only be claimed when a satisfactory discharge of the duties of the trust is shown, by the production of vouchers, and the giving of all necessary information as to the situation of the estate. That as the mandate had not been fulfilled, no commissions could then be allowed.

The tableau filed was, therefore, rejected, and fifteen days allowed to file a new one, showing a full statement of the assets and claims unaccounted for, with vouchers, and other evidence explaining why the claims owing to the estate have not been collected, accompanied with the books, titles, and papers belonging to the estate, or in any way connected with the s.yndicship.

In obedience to this judgment, the syndic presented another tableau of distribution, accompanied by statements in writing explaining the causes why the sums had not been collected, and what efforts had been made to collect them. This tableau, the creditors were again called on to oppose, if they thought proper, and the syndic prayed for his discharge ; but the statements were only those of the syndic himself, made as a commentary on each item.

Lallande made opposition to this tableau and statements, as unsatisfactory, and not sustained by documents, vouchers, and legal evidence ; and alleged that, as the syndic had failed to use proper efforts to collect the debts surrendered by the insolvents, he had injured the creditors, and ought to be made responsible for the amount to them. The opposition, then, proceeds to name ten persons or firms who owed $12,512 05, all of which it is said was lost, except $1000, by inattention and neglect.

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Related

Jackson ex dem. Sternberg v. Shaffer
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Cite This Page — Counsel Stack

Bluebook (online)
2 Rob. 541, Counsel Stack Legal Research, https://law.counselstack.com/opinion/prieur-v-their-creditors-la-1842.