Perry Nugent & Co. v. Priebatsch
Perry Nugent & Co. v. Priebatsch
Opinion of the Court
delivered the opinion of the court.
In Simmons v. North, 3 S. & M. 67, it was held that where by ■ mistake the words “northeast quarter” were written in a deed of trust instead of “southeast quarter,” as was intended to be done, and the deed as written was recorded, the conveyance could be cor
In this case no notice was taken of the effect of the registry act, and it is wholly irreconcilable with subsequent decisions in which the rights of judgment creditors under the statute in relation to the registration of deeds have been considered.
It is well settled in this State that a purchaser under execution is not a bona fide purchaser for value, and because he is not, does not take as purchaser any other rights than are held by the judgment defendant, but that this is so does not deprive him of the right which the plaintiff in the judgment has as creditor to subject to the payment of the judgment lands of the debtor, of the conveyance of which he has had no notice, actual or constructive. If the plaintiff in judgment may sell lands under his judgment freed from the claim of the vendee of the debtor, it follows as a corollary that one who buys takes it freed of the claim.
By our statute, Code of 1880, § 1212, it is declared that “all bargains and sales of lands, tenements, or hereditaments, whether made for passing an estate of freehold or inheritance, or for a term of years, and all instruments of settlements upon marriage, wherein lands, money, or other personality shall be settled, or covenanted to be left or paid at the death of the party or otherwise, and all deeds of trust and mortgages whatsoever, shall be void as to all creditors and. subsequent purchasers for valuable consideration without notice, unless they shall be acknowledged or proved and lodged with the clerk of the chancery court of the proper county to be recorded.”
Creditors without notice and subsequent purchasers for value without notice are put upon precisely the same footing and are protected to the same extent.
All conveyances of land, and all express trusts therein declared by the parties, are by our statutes required to be by deed or writing acknowledged or proved and lodged for record in the office of the
A purchaser under a judgment against the trustee of property in which there is a trust arising by implication of law does not acquire the right of a beneficiary because he is not a purchaser for value, nor, since such trusts are not required to be recorded, is the creditor in the judgment entitled to subject the property by virtue of the registry act, but where the debtor has a beneficial interest in the property, and conveys it by absolute deed or by mortgage, or makes a declaration of trust in the land, and the conveyance or mortgage or declaration of trust is not acknowledged or proved and recorded in the manner prescribed by law, it is void'as to creditors, who, not having notice, have reduced their demands to judgment, and a purchase under such judgment is protected, not because he is a bona fide purchaser, but because the conveyance or declaration of trust is void as against the creditor under whose judgment the land is sold. Loughridge v. Bowland, 52 Miss. 546; Duke v. Clark, 58 Miss. 465; Humphries v. Merrill, 52 Miss. 92; Miss. Val. Co. v. Railroad Co., 58 Miss. 847. In Mills v. Guttman, 53 Miss. 721, it was shown that the purchaser had taken actual possession of the land sold, and this was notice to the judgment creditor of his claim to the land.
Decree affirmed.
Reference
- Full Case Name
- Perry Nugent & Co. v. Max Priebatsch
- Cited By
- 10 cases
- Status
- Published
- Syllabus
- 1. Mistake. Actual notice. Purchaser under execution. A court of equity will not correct a mistake in the description of land in a deed against one who having actual notice at the time of his purchase bought the land at execution sale founded on a judgment rendered in favor of a party who liad no notice of the mistake at the time he recovered judgment. Simmons v. North, 3 S. & M. (i7, criticised. 2. Execution Sale. Purchaser. Judgment creditor. Notice. Thefact that a purchaser at execution sale is not a bona fide purchaser for value does not deprive him of the right which the plaintiff in this judgment has as a creditor, to subject to the payment of the judgment, lands of the debtor of the conveyance of which he 1ms no notice, actual or constructive. 3. Registry Act. Creditor without notice. Under $ 1212, Code 1880, creditors without notice and subsequent purchasers for value without notice are put upon the same footing and protected to the same extent. 4. Purchasers under Execution. Implied trust. Judgment creditor. A purchaser under a judgment against a trustee of property in which there is an implied trust does not acquire the right of the beneficiary, nor is the judgment creditor entitled to subject the property by virtue of the registry act. 5. Same. Unrecorded instrument. Judgment creditor without notice. ■When the debtor has a beneficial interest in the property, and conveys it by absolute deed or mortgage, or makes a declaration of trust in the land, and the instrument is not acknowledged, or proved and recorded, it is void as to judgment creditors without notice, and a purchaser under such judgment will be protected.