Nolte & Co. v. Their Creditors
Nolte & Co. v. Their Creditors
Opinion of the Court
delivered the opinion of the court. In this case, opposition was made to a tableau of distribution of the estate of the insolvents by the tutor of the minor children and heirs of Thomas L. Harman, deceased, on the ground, that they are creditors to a greater amount than that for which they were placed on said tableau, and allege, that they are entitled to be paid the sum by them claimed, as privileged creditors, &c. The judgment of the court below fixed the amount of their credit, but refused to accord any privilege, from which they appealed.
The estate of the ancestor of the minors, in whose behalf a legal mortgage is now claimed on the property of the insolvents, was under administration by his testamentary executors; and it is alleged, in favour of the mass of creditors, that the interference of V. Nolte & co. was authorised by them, or that, at least, they subsequently sanctioned and confirmed the acts of the interferors. We are of opinion, that the evidence in the cause does not support either of these allegations. There is no proof, whatever, of authority given by the executors, previous to the transaction by which the funds of the minors were diverted to the use of the persons who intermeddled in the administration of their estate; and the notarial act, by which a mortgage on the property of Jourdan, who had profited by the divertion of these funds, was released, does not appear to have been made, in reference to the transaction which took place between him and V. Nolte & co. They must, therefore, be considered as having interfered in the administration of property, belonging to the minor heirs of Thomas L. Harman, who, according
This view of the case (it is presumed) renders unnecessary any enquiry relative to the privilege, claimed on the lot which is said to have been purchased with the funds of the minors.
It is therefore ordered, adjudged and decreed, that the judgment of the district court be avoided, reversed and annulled; and it is further ordered, adjudged and decreed, that the appellants be placed on the tableau of distribution of the insolvents, for the sum of seven thousand four hundred and sixty-one dollars 83-100, as creditors, having the privilege and preference accorded by a legal mortgage, in pursuance of the 3283d article of the Louisiana Code: the insolvents’ estate to pay costs, &c.
Reference
- Full Case Name
- NOLTE & CO. v. THEIR CREDITORS
- Status
- Published