Simms v. McKee

25 Iowa 341
CourtSupreme Court of Iowa
DecidedJuly 23, 1868
StatusPublished
Cited by5 cases

This text of 25 Iowa 341 (Simms v. McKee) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Simms v. McKee, 25 Iowa 341 (iowa 1868).

Opinion

Beck, J.

1. mobtoage: of chattels: lex loci. The main question raised in the'record was determined by this court in the case of Smith v. McLean, 24 Iowa, 322. We held in that case that a , * ' , . - _ mortgage ot personal property, executed and recorded in another State in accordance with the laws thereof (the property when mortgaged being within such State), has the same force and effect to bind the property when removed to this State, and will be enforced here, as under the laws of the State where it was executed. This doctrine must be considered the settled rule in this State.

2. — retention Sy mortgagor, The defendants’ counsel cite Rhines v. Phelps, 3 Gilm. 464, in which it is held that the retention of the possession of mortgaged property by the mortgagor beyond the term stipulated, renders the mort[343]*343gage fraudulent and void as to creditors and purchasers. If this be now the rule in Illinois it is not applicable to the case made by the record. The mortgagor removed the property before the debt became due. Until the maturity of the debt he could, under the mortgage, retain the property in his possession. The removal of the property was without the knowledge or consent of the mortgagee, who used proper diligence to recover it. Certainly the possession of the property by the mortgagor beyond the time stipulated, against the consent of the mortgagee, and in spite of his efforts to recover it, would not defeat his rights thereto. The rule of the authority cited is applicable only to cases where the mortgagor retains possession with the permission and consent of the mortgagor.

Affirmed.

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Bluebook (online)
25 Iowa 341, Counsel Stack Legal Research, https://law.counselstack.com/opinion/simms-v-mckee-iowa-1868.