Supreme Court of North Carolina, 1845

State Ex Rel. Henderson v. McAleer

State Ex Rel. Henderson v. McAleer
Supreme Court of North Carolina · Decided June 5, 1845 · Daniel
27 N.C. 632

State Ex Rel. Henderson v. McAleer

Opinion of the Court

Daniel, J.

We concur with his Honor, that the decree could not be given in evidence, on any breach that could be assigned by -the relator on this refunding bond. The act of Assembly, Rev. Stat. ch. 46, sec. 18, declares, that a refunding bond shall be and- enure to the sole use and advantage of the creditors of the testator or intestate. The payment by the executor was his voluntary act, and, if he had chosen, he might have taken a bond to himself, as an indemnity against future demands against him beyond his assets. He cannot have recourse to the refunding bond required by the statute; •for, if'he could, he might exhaust it and thus deprive other creditors of the benefit, which the act gives exclusively to the creditors.

Per Curiam, Judgment affirmed.

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