Supreme Court of North Carolina, 1840

Thigpen v. . Horne

Thigpen v. . Horne
Supreme Court of North Carolina · Decided June 5, 1840 · Gaston
36 N.C. 20

Counsel

The Attorney-General for the plaintiffs. Iredell for the defendants.

Thigpen v. . Horne

Opinion of the Court

Gaston, Judge,

having stated the case as above, proceeded as- follows: The plaintiffs and Horne are both trustees, and both represent creditors of the defendant, Atkinson. Neither of the assignments, as it regards the choses in action, transfers the legal interest — and in equity, a distinct appropriation and delivery over by the debtor of the choses in action, for the benefit of his creditor, is an assignment thereof. The Court, therefore, declares that the defendant, Horne, is entitled to retain so much of these choses in action, or of the proceeds thereof, as were actually delivered to John A. Tines before the execution of the assignment to the plaintiffs — but must account to them for the residue thereof.

As to the money, the plaintiffs have no claim thereto, unless it was the proceeds of the choses in action or other property embraced in their assignment.

There must, therefore, be an enquiry, t,o ascertain which of *22 the cboses in action assigned to Horne were delivered to Tines, before the date of the assignment to the plaintiffs— and whether the money paid over to Horne, was in whole or in part the proceeds of property assigned to the plaintiffs.

Per Curiam. Decree accordingly.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.