Court Opinion

ID: 9825644
Source: CourtListenerOpinion
Date Created: 2023-09-01 13:51:30.106725+00
Date Added: 2024-06-11T12:20:35.596675
License: Public Domain

Smith, J., (on rehearing). It is insisted in the brief filed in support of the petition for rehearing that Galloway and Kennedy did not.assign their respective interests in the notes secured by the mortgage given by the Galloway-Kennedy Company to them until after judgments had been rendered against them,' and that therefore the assignees took subject to the right of the judgment creditors to subject the mortgaged property to the payment of their judgments. . .. In answer to this contention, it may be said that Kennedy assigned his interest in the mortgage to his wife on the 14th day of November, 1921, which was prior to the rendition of the .judgment in favor of the appellant Stallings, which was the first of the judgments to be recovered; and Galloway assigned his. interest in the mortgage to his wife on June 3,1923, which was prior to the rendition of the judgment in favor of the appellant Thweatt, but subsequent to the rendition of the judgment in favor of the appellant Stallings. Only two of the judgment creditors have appealed from the decree of the court below,- which is set out in the original opinion, these being Stallings and Thweatt, and it appears from that opinion that Mrs. Galloway .took an assignment from Stallings of his interest in the unsatisfied judgment in his favor. He therefore is in no position to complain, for Mrs. Galloway now owns such interest in that judgment as has not been satisfied; and, as to appellant Thweatt, it may be said that he did not recover his judgment until after both Galloway and Kennedy had assigned their respective interests to their wives; and, as also appears .from the original opinion, no creditor complained of this preference within the time when complaint might effectively have been made.