Kimball v. Cunningham Hardware Co.
Kimball v. Cunningham Hardware Co.
Opinion of the Court
The meritorious subject of review on this appeal is the ruling of the judge of the circuit, sitting in equity, in sustaining the complainants’ (appellees’) contest of homestead exemption interposed by Mrs. Mary E. Kimball after levy thereon of execution issued against Mary E. Kimball, individually, under a decree in equity. The circumstances leading up to the decree to enforce which the execution issued are fully stated in the reports of former appeals. Kimball v. Cunningham Hardware Co., 192 Ala. 233, 68 South. 309; s. c., second appeal, 197 Ala. 631, 73 South. 323. Some preliminary questions are pressed upon this court’s consideration. They will be first decided.
“It is further ordered, adjudged, and decreed that the said Mary E. Kimball be, and she is hereby, charged as trustee for the benefit of the complainants and such of the other creditors of Lee E. Kimball as have legally filed their claims in the probate court, and which may be duly proven in this court, to the full extent, as shown by the bill and evidence, of twenty-five thousand (.‡25,000.00) dollars, or so much thereof as may. bo necessary to. pay the indebtedness of the said Lee E. Kimball, deceased, to the complainants and such other creditors of the said Lee E. *411 Kimball as have legally filed their claims in the probate court, and which may be duly established at the reference hereinafter ordered. * * * The said Mary E. Kimball is hereby required to pay into the registry of this court said sum of $25,000.00 and the costs of this cause within ten days from the date of this decree. It is further ordered, adjudged, and decreed that such portion of said $25,000.00 so paid in by the said Mary E. Kimball as is not needed to comply with this decree shall be returned to the said Mary E. Kimball. It is further ordered, adjudged, and decreed that if the said Mary E. Kimball shall fail to make such payment within the time fixed by this decree, execution shall issue for the collection thereof, and such other proceedings had as may be necessary to enforce its payment.”
In the opinion of tliis court, affirming the quoted decree (197 Ala. 031, 035, 73 South. 323), it was declared that since Mrs. Kim-ball had the prima facie legal title to the proceeds of the insurance policies, the creditors of the decedent, not the personal representative who made no claim thereto, were entitled to invoke the powers of the court of equity to subject the excess of insurance money that was the product of premiums above the amount of insurance bought with premiums exempt under Code, § 4502. S. c., on former appeals noted above. As adjudged in the decree of November 2, 1915, Mrs. Kim-ball’s relation to. the sum found subject to the demands of the decedent’s creditors was that of a trustee — a fiduciary relation of an unmistakable character. The obligation on her part to pay that sum into registry of the court, in accordance with the command of the court, was not a “debt” or a “debt contracted” within the provisions of the statutes granting exemptions of property from levy and sale under legal process. Her failure to pay into court the amount required by the decree within the time therein stipulated proved the necessity for the issuance of the execution and was a breach of her duty as trustee, and was a wrong against which exemptions could not be claimed. The action of ihe court in denying her right to claim exemptions in the circumstances was justified by the apt and manifestly sound authority afforded by Dangaix v. Lunsford, 112 Ala. 403, 20 South. 639.
There is no error in the record.
Affirmed.
Reference
- Full Case Name
- KIMBALL v. CUNNINGHAM HARDWARE CO. Et Al.
- Cited By
- 10 cases
- Status
- Published