Court Opinion

ID: 6403423
Source: CourtListenerOpinion
Date Created: 2022-06-25 11:47:00.886184+00
Date Added: 2024-06-11T15:51:07.228298
License: Public Domain

* The opinion of the Court was delivered by
Parsons, C. J.
On the facts disclosed, we are of opinion that Frink must be discharged. He had not in his hands, at the time the writ was served, any goods, effects or credits of Field. Any debts due from the debtor to Frink, whether the debts are genuine or fictitious, cannot be goods, effects or credits of the debtor in Frink’s hands. He owed the debtor nothing, and he has no chattels in his possession, which being exposed by him Tan be taken in execution.
Paine and Ujpham, for the trustee.
The lands mortgaged are not effects within the statute, because the mortgage being fraudulent as to creditors, the lands mortgaged may be taken in execution, either by the plaintiff or by any other creditor. And it has long been settled that where lands are fraudulently conveyed by a debtor, the grantee is not thereby a trustee for creditors, because, as to them, the conveyance is void, and the lands are liable to their executions, without the assent or exposure of the grantee. If he was holden a trustee to the value of the lands, after having paid one creditor that value, another creditor might by his execution take the lands from him, and thus he would, in effect, be charged with the value without any consideration. Let the trustee be discharged with costs, as he submitted to examination at the first term.