Stanfield v. Simmons
Stanfield v. Simmons
Opinion of the Court
The cases of Wyles v. Beals, 1 Gray, 233, and Edwards v. Mitchell, 1 Gray, 239, must govern the present case. By those decisions, assignments like the present are held invalid, and may be avoided by an attaching creditor not a party thereto. Such assignments are voidable as against the policy of our insolvent laws, and while the property transferred by them or the avails thereof remains in the hands of the party to whom it has been conveyed by the assignment, and while he holds no relation to or interest in .such property but under the assignment, he may be charged in the trustee process therefor by a creditor of such assignor.
It is said however on the part of the trustees that such assignment may be valid if made more than six months previous to such attachment. But we think the provision limiting the avoiding of preferences to creditors to those made within six months prior to the institution of proceedings under the insolvent laws has no application to a case like the present, but has reference exclusively to cases of preferences sought to be avoided by an assignee regularly appointed under the provisions of the
Case-law data current through December 31, 2025. Source: CourtListener bulk data.