Court Opinion

ID: 9868779
Source: CourtListenerOpinion
Date Created: 2023-09-26 18:57:21.050249+00
Date Added: 2024-06-11T07:45:55.533177
License: Public Domain

ON MOTION FOR REHEARING BY DEFENDANT IN ERROR, C. W. LAWRENCE.
No argument can conceal the fundamental fact that the act of McCord in acquiring the property of the estate for which he was trustee was a fraud which the court would not dignify with an inquiry as to motive. Lawrence, one of the beneficiaries, joined with McCord and served as the means by which McCord could accomplish his unlawful purpose, therefore if Lawrence had sued McCord for the property he could not have recovered. The funds on hand are the proceeds of that property and must be dealt with the same as the property would be if it were involved in this proceeding. This court *157would stultify itself if it should force McCord to disgorge the property which passed to him through Lawrence in, a fraudulent transaction and then reward Lawrence by giving him a share of what he had aided to deprive his fellow creditors of. The motion is overruled.
There is also a motion on file asking a modification of our judgment so as to dispense with the appointment of a receiver or trustee to which there is opposition by the representatives of one of the assignors. The district judge has ample powers to properly adjust the rights of the parties. We have, therefore, concluded that it will be better to so modify our judgment as to leave the matter to the sound discretion of the judge of the District Court to appoint a receiver or not, as he may deem best, and to proceed to settle the estate in accordance with the opinion of this court.
Opinion filed April 17, 1912..
Associate Justice Phillips did not participate.