Adams v. Swan
Adams v. Swan
Opinion of the Court
Majority opinion reported in
Dissenting Opinion
I agree that under the rule of law as announced by this court in the case of Horn v. Lincoln National Life Insurance Co.,
So I am of the opinion that the proceedings should be reversed and remanded to the trial court to determine the cause upon the one issue of whether or not there has been, or may be upon further hearing, clear and convincing evidence offered to establish that the property is probably insufficient to pay the debt.
Until such proof is offered and such a finding is made, I am of the opinion that we are not authorized to direct the trial court to appoint a receiver. Such an order is not consistent with our holding in Horn v. Lincoln National Life Insurance Co., supra. I feel that it is proper for the trial court to make such finding, as the trial court has the parties before the court and is in a much better position to make such findings than is this court, and for that reason the trial court should be required to make such finding. If the evidence is clear and convincing that the mortgaged property is probably insufficient to secure the debt, then the trial court should appoint a receiver, otherwise refuse the appointment.
If it is the intention of the majority opinion to hold that the record shows that the evidence is clear and convincing that the property is probably insufficient to secure the debt, then it should so state. This being an equitable proceeding, the court could make an order appointing a receiver, as the proceeding is now properly before this court on appeal in a manner authorized and provided for by statute, and if the evidence is sufficient to warrant the appointment of a receiver, why reverse the cause and direct the trial court to do that which we could now do, and set the case at rest?
*Page 1
Reference
- Cited By
- 3 cases
- Status
- Published