Case ID: mass_9/html/0469-01.html
Source: Caselaw Access Project
Author: {"author": "\n      \n      By the Court.\n    ", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John Perry versus John Coates and Trustee.
    Notes of a banking company in New Hampshire, which had been refused payment at the bank, were holden not to be goods, effects, or credits, of a principal debtor in the hands of one summoned as his trustee.
    Josiah Crosby, who was summoned as the trustee of Coates, the principal defendant in this action, stated, in answer to the usual interrogatory, that at the time of the service of the process, in this case upon him, he held the amount of 528 dollars in the bills or notes of the Hillsborough Bank, in the state óf New Hampshire, which belonged to the said Coates, and which had been refused payment when presented by Crosby at the said bank for that purpose. And the only question before the Court was, whether Crosby was to be adjudged the trustee of Coates on these facts.
   By the Court.

In the case of the Maine Fire & Marine Insurance Company vs. Weeks & Trustees, we decided that negotiable promissory notes were not capable of being seised and sold upon execution ; and that one possessed of such, belonging to a debtor, was not in virtue thereof liable as the trustee of such debtor. The bank notes, in this case, are but promissory notes negotiable by delivery. The same reason applies to them. Choses in, action are not goods, effects, or credits, within the statute,

Trustee discharged, 
      
       7 Mass. Rep. 438.
     
      
       [See Rev. Stat. c. 97, § 21. — Ed.]