Court Opinion

ID: 5579743
Source: CourtListenerOpinion
Date Created: 2022-01-11 01:35:29.844956+00
Date Added: 2024-06-11T08:36:03.190921
License: Public Domain

Atkinson, J.
1. An administrator, by virtue of his appointment as such, has no legal right to borrow money and bind the estate by a note and mortgage given therefor, although the money was borrowed for the benefit of the estate. O’Kelly v. McGinnis, 141 Ga. 379 (81 S. E. 197).
(a) Nor will the fact that the money may have been used for the benefit of an insolvent estate to pay debts give the lender an equitable lien on the mortgaged property or other assets of the estate.
2. Where money is borrowed and used by an administrator of an insolvent estate, as mentioned in the preceding note, the lender, having advanced it to him voluntarily and without being forced to do so in order to protect any right of his in the property, will not become subrogated to the rights of creditors whose debts have' been paid. Wilkins v. Gibson, 113 Ga. 31 (38 S. E. 374, 84 Am. St. R. 204); Ragan v. Standard Scale Co., 128 Ga. 544 (58 S. E. 31).
3. There was no error in dismissing the petition on demurrer.

Judgment affirmed.

All the Justices concur.