Trustees R. E. Bank v. Watson

8 Ark. 74
CourtSupreme Court of Arkansas
DecidedJanuary 15, 1852
StatusPublished
Cited by2 cases

This text of 8 Ark. 74 (Trustees R. E. Bank v. Watson) is published on Counsel Stack Legal Research, covering Supreme Court of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Trustees R. E. Bank v. Watson, 8 Ark. 74 (Ark. 1852).

Opinion

Mr. Chief Justice Johnson

delivered the opinion of the Court,

The counsel for the appellants have submitted three distinct questions for our consideration and decision: First, is a judgment a lien on a reversion in real estate; 2d, does a judgment become a lien on after acquired lands; and 3d, is the lien of a judgment so continued by execution and levy, when the execution comes to hand before the lien expires, but the sale is after the lien expires, that the sale relates to the date of the judgment, or- does it only relate to the day when the execution came to' hand.

The 25th sec. of chap. 67, of the Digest, after enumerating a, great variety and numerous kinds of property which by it were-. subjected to seizure and sale under any execution upon any judgment, order or decree of a court of record, concludes by declaring the same thing in respect to all real estate, whether patented or not, whereof the defendant or any person for his use was seized in law or equity on the day of the rendition of the judgment, order or decree whereon execution issued, or at any time thereafter. The 79th sec. of the chapter, defines the term “real estate” as used in that act, and declares that it shall be so construed as to include all estate and interest in lands, tenements and hereditaments. A reversion is the return of land to the grantor and his heirs, after the grant is over; or, according to the formal definition in the New York Revised Statutes, it is the residue of an estate left in the grantor or his heirs, or in the heirs of a testator commencing in possession on the determination of a particular estate granted or devised. It necessarily assumes that the original owner has not parted with his whole estate or interest in the land, and therefore if he grants land in tail, or for life, or years, he has an interestin the reversion, because “he hath not departed with his whole estate.” The reversion arises by operation of law, and not by deed or will; and it is a vested interest or estate, inasmuch as the person entitled to it has a fixed right of future enjoyment. It is an incorporeal hereditament, and may be conveyed either in whole or in part by grant without livery of seizin. Reversions expectant on the determination of estates for years; are immediate assets in the hands of the heir; but the reversion expectant on the determination of an estate for life is not immediate assets during the continuance of the life estate, and the creditor takes judgment for assets in futuro. If the reversion be expectant on an estate tail, it is not assets during the continuance of the estate tail; and the reason assigned is, that the reversion is of little or no value since it is in the power of the tenant in tail to destroy it when he pleases. But in Kin-arton v. Clarke. Lord Hardwicke considered it inaccurate to say that such a reversion was not assets: for there is a possibility of its becoming an estate in possession, and the creditor might take judgment against the heir, on that possibility, for assets guando acciderint, and which would operate whenever the heir obtained seizure of the reversion. In the mean time, as it was admitted, the reversion could not be sold nor the heir compelled to sell it; and when it comes to the possession of the heir he takes it cum onere subject to all leases and covenants made by the tenant in tail while he had the estate. The reversioner, having a vested interest in the reversion, is entitled to his action for an injury done to the inheritance. He is entitled to an action on the case in the nature of waste against a stranger while the estate is in the possession of the tenant. The injury must be of such a permanent nature as to affect the reversionary right.” (See 4 Kent’s Com. 353, 4 and 5, and the cases there cited.) It appears from this extract, in which reference is made to the English authorities that a reversion expectant on the estate tail could not be sold nor the heir compelled to sell it, and that when it came into possession of the heir he took it cum onere subject to all leases and covenants made by the tenant in tail while he had the estate. We are fully prepared to admit the correctness of the proposition laid down by Watkins, in his law of descents, and quoted with approbation by Lord Al van ley in the case of Doe v. Hutton, (3 Bos. & Pul. 656,) which is, that “When a reversion or remainder expectant upon an estate of free hold continues in a course of descent, it continually devolves on the death of each particular heir, to the person who can then make himself heir to the donor or purchaser, without any regard to the very heir of the precedent person who succeeded to it by descent, till, when the particular estate is determined, it ultimately vests in possession in him who, at such determination is the right heir of such donor, purchaser or original remainderman.” The reason of this, as he stated it, is, that as there was no intermediate person actually seized of such reversion or remainder, no one could be the mean of turning its descent and becoming a new stock or terminus; but such stock must yet be in the donor, purchaser or remainder-man, and must so continue if no alienation be made till such estates shall become vested in possession. It is conceded that such was the law in England at the time of the delivery of the opinion in the case of Doe v. Hutton, already referred to, and whether it is still the law here, or, whether it has been charged by our act of descents and distributions, we do not deem it material to decide. The fact of a reversionary interest being transmissible or not by the mere force and operation of the law of descents, cannot settle the question here involved. True it is that in case of doubt the principle referred to might throw some light upon it by way of analogy, and inferences of more or less force might be drawn from it, and this is the most that could be derived from that source. This principle of the law in relation to descents as it stood at that time, even admitting it in its fullest extent, could have no application to the question before us, since the current has been turned by the conveyance of the reversioner of all his interest in the estate to Watson, who is a stranger to the old stock or terminus. In respect to Henry Cheatham’s power thus to alienate his T'eversioii'ary interest in the lands to Watson, before the determination of the particular estate, there cannot exist a single doubt. 1 The course of descent as pointed out by the authority already referred to, was upon the express condition that no alienation had been made before the estate became vested in possession. (See Doe v. Hutton, 657.) Indeed it is expressly said in that case, “If a man purchase a reversion only, be is never actually seized at all, and yet his heir would be entitled. In Hale’s Mss., cited in the notes to Hargrave and Butler’s Co. Litt. 14, as it is said, “if A purchase a reversion expectant on an estate for life and dies without issue, regularly his brother of the half blood shall not-be heir to him, because though where there is á mesne seizure he ought to make himself heir to him who is last actually seized,yet w^hen there is not such a mesne seizure, he ought to make himself heir to him in whom it first vests by purchase.” According to the authorities therefore, the interest of Cheatham, the reversioner, having passed to, and vested in, Watson by purchase, and that too before the determination of the particular estate, without alienation by Watson, would have descended to his lawful heirs, and that too whether he were living or dead at the time of~the determination of the particular estate.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Board of Directors v. Dunbar
155 S.W. 96 (Supreme Court of Arkansas, 1913)
DeLoach Mill Manufacturing Co. v. Bonner
43 S.W. 504 (Supreme Court of Arkansas, 1897)

Cite This Page — Counsel Stack

Bluebook (online)
8 Ark. 74, Counsel Stack Legal Research, https://law.counselstack.com/opinion/trustees-r-e-bank-v-watson-ark-1852.