Houston Nat. Bank v. J. T. Edmonson & Co.
Houston Nat. Bank v. J. T. Edmonson & Co.
Addendum
On Rehearing.
In order that an equitable mortgagee of crops may acquire the legal title thereto by delivery from the mortgagor, it is obvious that such delivery must be made before the. mortgagor has transferred the legal title to a third person. In the instant case, the plaintiff’s mortgage of January 10, 1914, vested in him the entire legal title of the mortgagor, and that result was not affected by any subsequent action of the mortgagor, whether by executing other mortgages, or by selling or delivering the crops to others.
The application must be overruled.
Opinion of the Court
“If the property in such a mortgage when it comes into existence is delivered to the mortgagee, his legal title to it becomes complete, and he may maintain trespass, trover or detinue against any one who should disturb his possession; or if, before it is delivered to him, the' mortgagor or his assignee, with knowledge of the mortgage lien, should receive and dispose of it, either or both would be liable in case to the mortgagee for the value of the property disposed of." Patapsco Guano Co. v. Ballard, 107 Ala. 710, 717, 19 South. 777 (54 Am. St. Rep. 131), and cases therein cited.
And of course a court of equity will protect and enforce his lien as against any purchaser with notice. Columbus, etc., Co. v. Renfro, 71 Ala. 577, 579; Mayer v. Taylor, 69 Ala. 403, 44 Am. Rep. 522.
The judgment will be affirmed.
Affirmed.
Reference
- Full Case Name
- Houston Nat. Bank of Dothan v. J. T. Edmonson & Co.
- Cited By
- 4 cases
- Status
- Published