Court Opinion

ID: 5515214
Source: CourtListenerOpinion
Date Created: 2022-01-10 04:29:07.245943+00
Date Added: 2024-06-11T08:34:17.212444
License: Public Domain

By the Court, Nelson, Ch. J.
A judgment creditor, by paying the purchase money and interest within fifteen months after the sale, acquires all the right-and title of the original purchaser, 2 R. S. 371, 372, § 51, 53, 54, and when he has thus acquired the title, any other creditor who _ might have acquired it may become a purchaser from the first creditor by reimbursing him the sum he may have paid to acquire such title, and interest, together with his judgment, if a prior lien. § 55. And so by § 56, any third or other creditor, may become a purchaser from any second, third or other redeeming creditor. The 59th § provides, that the sums required to be paid to acquire the title of the original purchaser or to become a purchaser from any creditor, may be paid to such purchaser or creditor, or to the officer who made the sale. One question involved in this case is, whether on redemption by the second, third or other judgment creditor, after redemption by the first creditor, the money may be paid to *604the purchaser, or whether it must be paid to the last redeeming creditor or to the officer 1
The 59th §, I think, is to be taken distributively j payment should be made to the person standing as purchaser at the time, or to the officer who made the sale. The redemption is from him first, and then from the redeeming creditor who has acquired his rights. After the money is paid, the purchaser no longer stands in that relation. By the terms of the act, the redeeming creditor u shall thereby acquire all the rights of the original purchaser.”' § 51. And the next creditor becomes a purchaser from him by reimbursing the money paid, and paying his lien as the case may be. § 53. After this, the first creditor is no longer the purchaser, nor has he any interest in the proceeding j he as well' as the original purchaser have their money, all that belongs to them under the act, and the creditor advancing it stands in their places. He is both purchaser and creditor, as it respects the making of subsequent redemptions. The 59th § must be construed in connection with the rights and relative positions of the purchaser and creditor, according to the previous section, and then there can be no great difficulty in comprehending its meaning ; it will be apparent that the terms must be taken distributively, and applied agreeably to their relative situations. Any other view would lead to great inconvenience ; parties would be multiplied indefinitely from whom redemption could be made y and the money, whatever might be the amount, could be placed in the hands of persons who had no interest whatever in the fund, or the proceeding.
Payment may be made in every case, to the officer who made the sale, for the benefit of the purchaser or creditor entitled to the same. \ 59. It. may, therefore, be paid to the sheriff, or the deputy who sold the premises; both made the sale : one in fact, and the other in judgment of law.
In this case, the term of office of the sheriff expired before the time for redemption had ended, and it is supposed that the powers of the deputy to act had ceased. This is a mistake, as will be seen by reference to the following cases : 3 Cowen, 89 ; 9 *605Id. 233 ; 6 Wendell, 224, S. C. in error. The several sections of the act relied upon by the counsel against the motion, § 65, 67 inclusive, merely provide for the cases of death or removal of the sheriff, and do not apply where the term has expired by lapse of time.
The payment made to the sheriff by the relator by means of a check upon a bank, it not being shown that the money was received on the same, is ineffectual. A check, until paid, is no payment. 4 Johns. R. 304. 4 Cowen, 553. Money, or what is equivalent, must be paid. 9 Johns. R. 263. The note of the agent might as well have been received. If, however, the money was received on the check before the expiration of the time for redemption, as was probably the fact, it would be sufficient.
It appears from the certificate of the deputy that the sale was made upon the .youngest of the three judgments against the Brownville Cotton Factory, and upon which the relator seeks to •redeem. If this be so, there is of course no question in the case, •as the 58 § denies the right of the party under whose execution real estate is sold to acquire the title of the original purchaser; but his affidavit is produced since the notice of the motion, (which •for that reason cannot be read,) alleging a mistake in the certificate, and that the sale was made under the second judgment.
On the ground then of the defective payment, .and that it appears upon the papers regularly before us that the sale was under the youngest judgment, and by virtue of it the relator seeks to -redeem, the motion must be denied with costsbut the relator has leave to renew his motion.