Scottish-American Mortgage Co. v. Bunckley

81 Miss. 599
Mississippi Supreme Court·Decided October 15, 1902·Published·Cited by 2 cases

Opinion

Campbell, Special J.,

delivered the opinion of the court.*

On May 10, 1847, Ransom' Bunckley had a wife, and three sons and a daughter, who were married; and he was the owner of a large quantity of land, and many slaves and other property. His wife’s name was Mary Ann, and his sons were named Nathan, Ransom P. and Douglas. Nathan was married and had three children then, and several were born to him afterwards. One of the three children of Nathan then living [602] wás W. R. Bunckley. Ransom P. Bunckley had no children on May 10, 1847, but three were born to him afterwards, and before 1861, and were living then. 'Mary Ann Bunckley died in 1853. Douglas Bunckley died childless in 1861. Ransom P. died in 1867, leaving children surviving him. Ransom Bunkley, the grantor, died in 1870, and Nathan died in 1901, leaving surviving him his children, the complainant and W. R. Bunckley, the last named having, in 1898, conveyed all his interest in the property involved in this suit to the complainant, so that complainant claims in his own right, and derivatively from others, by virtue of what will now be stated: On May 10, 1847, Ransom Bunckley, joined by his wife, Mary Ann, executed a conveyance by which he granted to his three sons, Nathan, Ransom P. and Douglas, 1 '• and their heirs and assigns forever,” a large quantity of land in Mississippi, and many slaves, and much other property, to be enjoyed after the death of the grantor, Ransom, who reserved to himself full and complete ownership- and control during his life, as if the deed had not been executed, and provided that after his death the property was to be equally divided between the three grantees, and, if either of them should die at any time ‘ £ without leaving a child or children surviving, then, and in that event the survivor or survivors and their children shall take the whole of the property ’ ’ granted. This deed is Exhibit A to the bill. On the same day, as a part of the same scheme, Ransom Bunckley, joined by his wife, executed a deed, filed as Exhibit B to the bill, whereby he conveyed to his son Nathan, as trustee, land and slaves in trust for the grantors during the -life of the grantor Ransom, and after his death, if his wife, Mary Ann, should survive -him, to convey to her, for the term of her life (to be in. lieu of her interest in his estate), and in remainder in fee simple to Nathan, Ramsom P. and Douglas Bunckley, and their heirs, in equal shares. £ £ But should the said Nathan, Ransom or Douglas die, either before or after the death of said Mary Ann, without child or children surviving, [603] then, and in that event to the survivor or survivors of my three sons, Nathan, Ransom and Douglas, and the descendants of such .survivor or survivors, in equal shares, forever.” The provisions of this deed as to the remainder after the life estate are the same as the first mentioned, except ‘ £ descendants ’ ’ of the survivor or survivors stands in the place of £ £ children, ’ ’ which is the term used in the first. The legal effect of the two deeds as to the limitations after the life estates and as to the ulterior limitees is the same. Nathan Bunckley disposed of lands conveyed by the deeds set forth as Exhibits A and B, and varions dealings about the lands are set forth in the bill, which is brought by Albert N. Bunckley, who claims that on the death of Nathan Bunckley, his father, 'the last survivor of the three sons of Ransom Bunckley, he, the said Albert N., and his brother, W. R., as ulterior limitees under the deeds, A and B, became entitled to the lands, and that he, in his own right, and as assignee of W. R., the ulterior limitee, is entitled to have canceled, as clouds on his title, all the deeds described, except that from W. R. to him. The bill was demurred to for want of equity. The demurrer was overruled and appeal taken.

The question presented is as to the effect of the deeds A and B. There is a third deed, executed by Ransom Bunckley on the same day as the others, whereby he conveyed certain slaves to a trustee for the use of his daughter; but it has no influence on this case, although set forth in the bill, and we make no further mention of it. The theory of the bill has been already mentioned, and the argument to support it is that the deeds A and B, which vested remainders in the .three sons, had the effect, on the death of Douglas childless, to vest in his surviving brothers life estates, and on the death of Ransom P. the estate vested in Nathan for his life, and on his death the fee vested in his children then living, as the ulterior limitees, within the meaning of the deeds. The argument on the other side, not wholly, but chiefly, is that there is fatal repugnancy between [604] the granting part of the deeds and the subsequent limitations, and they are void on this ground, and the fee was by the granting clause vested in the three grantees, and, if this be not true, that the rule against perpetuities was violated, and on this ground the ulterior limitations were void.

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Scottish-American Mortgage Co. v. Bunckley, 81 Miss. 599 (Mich. 1902).

81 Miss. 599 (Scottish-American Mortgage Co. v. Bunckley) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

State ex rel. Brown v. Scottish American Mortgage Co.
71 So. 291 (Mississippi Supreme Court, 1916)
Scottish-American Mortgage Co. v. Bunckley
41 So. 502 (Mississippi Supreme Court, 1906)