Commissioners of the Treasury v. Securities of Neuby
Commissioners of the Treasury v. Securities of Neuby
Opinion of the Court
delivered the opinion of the Court.
The construction of the act, though not obvious at first
The second is, if the principal shall have been pursued to insolvency in a given case, then the security, if sued, in that particular casé, shall not be entitled to an imparlance. And the reason arising out of ihe state of facts comports with the literal distinction between the two provisions.— The former is to prevent a security from being harrassed, while his principal may be solvent, and may himself discharge the claim. The latter is to save the creditor from Unnecessary delays, if he should sue the securities after his fclaim has been made unquestionable and precise, by actual recovery had against the principal; and after the principal has been moreover pursued to insolvency.
The motion is therefore granted,
Reference
- Full Case Name
- The Commissioners of the Treasury v. The Securities of John N. Neuby, Sheriff of Abbeville District
- Status
- Published