Wasson v. Treece

75 S.W.2d 71, 189 Ark. 728, 1934 Ark. LEXIS 32
CourtSupreme Court of Arkansas
DecidedOctober 15, 1934
Docket4-3553
StatusPublished
Cited by1 cases

This text of 75 S.W.2d 71 (Wasson v. Treece) 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
Wasson v. Treece, 75 S.W.2d 71, 189 Ark. 728, 1934 Ark. LEXIS 32 (Ark. 1934).

Opinion

Mehaffy, J.

The appellees, who are the heirs at law of E. B. Treece, deceased, were, the owners of an undivided one-half interest in property- in Marshall, Searcy County, Arkansas, and the Bank of Marshall was the owner of the other undivided one-half interest. The Bank of Marshall, in October, 1929,. filed a suit in partition against the appellees, and against Patti Treece as guardian for said appellees, who were all minors at that time, in the. Searcy Chancery Court, asking for a partition of said property. A decree of partition was ordered by the court, and the property ordered sold, and the same was sold -by a commissioner, and the State Bank of Marshall became the purchaser for the sum of $8,000.

On May 1, 1933, Eugene Treece, Winston Treece and Burnelle Treece, adults, and Barton Treece and Francis Treece, minors, by their next friend, Claude Treece, filed suit in the Searcy Chancery Court against Marion Wasson, State Bank Commissioner, alleging that they were the sole heirs at law of E. B. Treece, deceased, and that the property was owned as above set out, and that, prior to the partition, the Bank of Marshall occupied said premises, and paid the guardian of the appellees $30 a month as rental for their interest in the property. They alleged that, after the bank purchased the interest of appellees in said property, A. A. Hudspeth, as cashier of the bank, applied $2,600 of the money belonging to appellees as payment of certain personal obligations owed by the guardian of appellees, and that the appellees received only $1,400 of the $4,000, and they asked judgment for $2,600, and that it be declared a lien on the undivided one-half interest of the property described.

A demurrer was filed and thereafter a substituted complaint. The appellant filed answer, and the cause was submitted on the following agreed statement of facts:

“It is agreed that the above-named plaintiffs are the heirs at law of E. B. Treece, deceased, who died intestate in Searcy County, Arkansas, before the year 1924, and that he left said children and a widow, Patti Treece, as his sole surviving heirs and widow.
“That in November, 1926, J. E. Treece died intestate, and that E. B. Treece was a son of J. E. Treece, and that among other property which the plaintiffs inherited from their grandfather’s estate was an undivided one-half interest in the lot and bank building standing thereon, in Marshall, Arkansas, described as follows:
“Beginning 45% feet west of the northwest corner of J. W. Coker’s house, known as the restaurant, thence south parallel with said house 140 feet to the W. L. Baker property, thence west 25% feet, thence north parallel with said house to a point due west of the place of beginning, thence east to place of beginning, being a part of block No. 7 in Marshall, Searcy County, Arkansas.
“That the Bank of Marshall, Arkansas, was the owner of the other undivided one-half interest in said lot and improvements, and in October, 1929, filed a suit in partition against the above-named plaintiffs as heirs at law, and against Patti Treece as guardian of said plaintiffs, who were all minors at said time, in the Searcy Chancery Court, asking for a partition of said property.
“That in March, 1930, a decree of partition was ordered by the court, finding that it could not be partitioned in kind, a sale of the property was ordered, and the same was sold by Sam Blair as commissioner to the First State Bank of Marshall, Arkansas, for the sum of $8,000, on June 16, 1930, which sale was approved by the court and the commissioner ordered to pay all costs and divide the. remainder according to the interest of the parties in interest.
“That the costs in said case were as follows:
Allowance to plaintiff’s attorney fee.....*.............................$200.00
Allowance to guardian ad litem for defendants......... 25.00
Commissioner’s fee......................................................................... — - 25.00
Clerk’s fees.............................................,...................................................... 9.25
Sheriff of Searcy County................................................................... 3.20
Sheriff of Pope County.......................................................................95
Printer’s fee.................................................................................................. 11.25
Total................-.........................................................................................$274.65
and the First State Bank of Marshall, Arkansas, paid said fees and allowances, canceled notes, stamping the same as paid, including interest to the total amount of $2,740.37, one of said notes for $50 principal and $1.76 interest, being the note of the plaintiff, Eugene Treece, and notes aggregating $2,688.61, being notes signed by Patti Treece, and held by said bank, and turned over to Patti Treece, as the guardian of the plaintiffs, $1,140, on. June 25, 1930.
“No payments were made by the purchaser, First State Bank, to the commissioner, except payment of court costs, and the settlement of the balance being between the cashier of the bank and Patti Treece, guardian of plaintiffs.
“That all of the $2,740.37 in notes canceled and marked paid by the bank and delivered to Patti Treece, were signed by Patti Treece alone and individually, except the $50 note signed by Eugene Treece as aforesaid.
“That the commissioner’s deed conveying all of said lands to the First State Bank was delivered by the commissioner to said bank and recorded on June 19, 1930, in book 26, page '8.
“Plaintiffs filed this suit asking for judgment against the State Bank Commissioner in charge of the First State Bank of Marshall, Arkansas, on May 1, 1933, asking judgment for $2,600, and that the same be declared a lien upon an undivided one-half interest in the lands aforesaid, with improvements.
“That the First State Bank of Marshall, Arkansas, became insolvent on September 1, 1931, and was taken over by the State Bank Commissioner, and has been in the hands of said State Bank Commissioner in liquidation ever since. The notice was published as required by law of the time within which claims could be filed under the law, and no claim was filed by the plaintiffs for $2,600 or any other sum, with the State Bank Commissioner, before the filing of this suit.
“Defendant in his answer made Patti Treece a party plaintiff, and had summons served on her, asking that judgment be rendered against her for the amount of the notes which the.

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Related

Wasson, Bank Commissioner v. Pledger
96 S.W.2d 8 (Supreme Court of Arkansas, 1936)

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Bluebook (online)
75 S.W.2d 71, 189 Ark. 728, 1934 Ark. LEXIS 32, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wasson-v-treece-ark-1934.