The Creditors of Earle Freeman v. Millard

Supreme Court of Rhode Island

The Creditors of Earle Freeman v. Millard

2 R.I. 517

DecidedSeptember 6, 1853

StatusPublished

This text of 2 R.I. 517 (The Creditors of Earle Freeman v. Millard) is published on Counsel Stack Legal Research, covering Supreme Court of Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

The Creditors of Earle Freeman v. Millard, 2 R.I. 517 (R.I. 1853).

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Opinion

Earle & Freeman made a voluntary assignment of their partnership property to Lorenzo D. Millard, for the benefit of their creditors. The creditors applied for an order upon said Millard to give a bond for the faithful execution of the trusts of the assignment and, the Court having granted the order, the question arose as to the ainount for which the bond should be given. The Court said, that it was the usual practice in the State, where bonds were required by the statute, as from a guardian or administrator, to take bonds in double the amount of the property coming into the hands of the persons from whom the bonds were required, and that they should adopt the same rule where an order was passed requiring an assignee to give a bond, and they ordered the said Millard to give a bond in the sum of twenty thousand dollars, with sureties, the property assigned being estimated at ten thousand dollars.

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Earle & Freeman made a voluntary assignment of their partnership property to Lorenzo D. Millard, for the benefit of their creditors. The creditors applied for an order upon said Millard to give a bond for the faithful execution of the trusts of the assignment and, the Court having granted the order, the question arose as to the ainount for which the bond should be given. The Court said, that it was the usual practice in the State, where bonds were required by the statute, as from a guardian or administrator, to take bonds in double the amount of the property coming into the hands of the persons from whom the bonds were required, and that they should adopt the same rule where an order was passed requiring an assignee to give a bond, and they ordered the said Millard to give a bond in the sum of twenty thousand dollars, with sureties, the property assigned being estimated at ten thousand dollars.

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Bluebook (online)

2 R.I. 517, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-creditors-of-earle-freeman-v-millard-ri-1853.