People ex rel. Barker v. Transamerica Insurance
People ex rel. Barker v. Transamerica Insurance
Opinion of the Court
The district court held that this action against the surety on the bond of the deceased executor of a Colorado estate was barred by the six-year Colorado statute of limitations, Colo.Rev.St. (1963) § 87-1-11.
The bond was given in 1951. In 1955 the probate court found that the executor had sold certain real estate belonging to the estate and given possession thereof; that report of the sale had been made to the court and approved; that possession was improperly given, and the sale improperly reported, because the entire purchase price was not paid; and that the executor should have collected interest on the delayed payments. The court ordered that the executor adjust the purchase price by the addition of interest and that on failure to make such adjustments “the executor be surcharged with such amounts as are not adjusted.” The adjustments were never made.
The executor died in 1963 and an administrator de bonis non was appointed. In 1965, the state district court found that “the order surcharging the executor of this estate, namely Leon Kepler, entered June 27, 1955, has never been revoked.” The district court surcharged the amount found due plus certain expenses and ordered suit against the surety. The suit was brought and removed to federal court on the ground of diversity.
Affirmed.
Reference
- Full Case Name
- The PEOPLE of the STATE OF COLORADO ex rel. George A. BARKER, Administrator D.B.N. of the Estate of Emmett S. Burns v. TRANSAMERICA INSURANCE COMPANY
- Cited By
- 1 case
- Status
- Published