Delor v. Montegut's Syndics
Delor v. Montegut's Syndics
Opinion of the Court
delivered theopinion ofthe court. The plaintiff and appellant opposes the homologation of a tableau of distribution of the estate of the insolvent among his creditors. She claims, as vendor, a privilege on certain real property, which came to the hands of the syndics, and was by them sold as part of said estate, part of said estate.
It appears, from the statement of facts, that the real estate on which she claims a privilege, was sold by her to the insolvent, and that, at the time of the sale, by the syndics, a sum above that, of $25,OOO, for which it was adjudged to her agent, was due to her on account of the original price. It also appears by the tableau of distribution, that the amount of the sale pf the insolvent's estate is $57,626; that the expenses incurred by the syndics, in managing the estate, after if came to their hands, including a commission on the amount at five per cent. are $5,312 83; $2451 68 of which are admitted to be just, and to be properly deducted from the amount of the estate. Another sum of $10,636 67 is acknowledged as the aggregate of debts privileged on the whole estate. It further appears from the tableau, that, after deducting the whole amount of the expenses and debts, with a general privilege, a sum sufficient to discharge entirely the debts having special mortgages and privileges on the various immoveable property of the insolvent does not remain. The deficit is apportioned equally on the different mortgagees and persons having special privileges by a proportionate deduction from the amount for which each of the hypothe-cated tracts was sold.
1. The syndics are not, as she says, entitled to the commission charged or any other, because they have renounced to their right.
2. As she has a privilege and preference, as vendor, on the property which the syndics af-terwards sold to her agent, she thinks she is not bound to contribute to the expenses incurred by the syndics, in the management of the estate, until every other part of it be exhausted; and on the event alone of a deficiency to discharge said expenses can, in her opinion, any demand be made on the produce of the property, on which her debt is privileged.
I. The terms, on which the first objection is stated, seem to admit that, if the syndics have not renounced their right to a commission of five per cent. on the property of the insolvent, they are entitled to it. Now, nothing is shewn to this court, or seems to have been exhibited to the parish court, from which it appears that they have retmunced to their commission. It is, therefore, fair to conclude that they are en~ titled to it.
The rank of claims, secured by mortgage, is determined by the date of the deed or that of its record. When there are several of the same date, they concur. This takes place both in conventional and judicial mortgages, which must be recorded, in order to give them effect against third persons. As to tacit or legal mort gages, as these are not required to be recorded, their respective rank is fixed by the day on which they began to take effect, according to law, and those of the same day concur together. They likewise concur with judicial and conven- tional mortgages, without any preference over them, if their date be of the same day, on which the latter were recorded. Civ. Code, 470 and date. 472, art. 79 and 80.
From these provisions of the code, it seems that a dispute about rank in mortgages can only take place when the same property happens to be mortgaged to several persons, legally, judIcially or conventionally, and then the preference which one may have over another is to be set-tied entirely by the dates.
According to this view of the case we discover no error in the judgment of the parish court.
It is, therefore, ordered, a'ijudgcd and decreed, that it be affirmed with costs.
Reference
- Full Case Name
- DELOR v. MONTEGUT'S SYNDICS
- Status
- Published