Brown v. Lee
Brown v. Lee
Opinion of the Court
By the Court. —
delivering the opinion.
That is this case — an assignment in trust, by a debtor, who is insolvent, to pay one class of creditors first, and then to pay all others. A preference is here given to some, over other creditors, by a trust assignment. This, the assignor cannot do. He may prefer creditors by a direct sale to them, in extinguishment of their claims, or he may bona fide sell his property to a stranger, and apply the proceeds to the debts of favored creditors; but he cannot discriminate, in a trust deed, between creditors. The ingenious counsel for the plaintiff in error, has failed to distinguish this case from that of Ezekiel and Dixon. This deed is void, un
Let the judgment be affirmed.
Note. — See post, No. 52, Lee et al. vs. Broten, et al. — [Rep:]
Reference
- Full Case Name
- Alonzo D. Brown, and others, in error v. Oliver H. Lee, and others, in error
- Cited By
- 1 case
- Status
- Published