M. D. Cooper & Co. v. Cotton
M. D. Cooper & Co. v. Cotton
Opinion of the Court
This is a personal action by a creditor of the Succession of Joseph Colton, deceased, against the son and testamentary executor of said Cotton, for the amount due plaintiffs by the succession ; on the ground that the defendant has fraudulently converted the assets of the succession, to his own use.
This defendant has excepted to this action, that at the time of its institution, there was pending and undecided, an opposition by plaintiffs to a final account of administration as executor, filed by defendant in the court where the succession was opened ; which opposition contains identically the same matters alleged by plaintiffs in the present action.
This exception should have been sustained. An executor is personally liable to the creditors of the succession which he administers, when he has been guilty of mal-administration ; but the regular mode of ascertaining' the extent of such personal liability, is upon an account of administration showing the deficiency of assets to pay creditors.
We. are not to be understood as saying, that an executor can never be held personally liable to creditors, unless upon an account rendered and approved. It may be, that the executor will fail or refuse to render an account. Or peculiar
It is, therefore, adjudged and decreed, that the judgment of the District Court, from which this appeal is taken, be reversed; and that there he judgment herein, against plaintiffs and appellees, as in case of nonsuit, with costs in both courts.
Reference
- Full Case Name
- M. D. Cooper & Co. v. Joseph A. Cotton
- Status
- Published