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22 F. Cas. 1160

Steadman v. Caswell

Maine District Court

Decided January 15, 1880

Maine District Court · decided 1880-01-15

In equity. Bill by the assignee in bankruptcy of Samuel B. Scribner, against him and his mother and sister, seeking to annul a conveyance by the bankrupt to his mother and sister of his distributive share in his father’s estate, made within one month of his bankruptcy proceedings as a fraudulent preference and a conveyance made in fraud of the bankrupt act.

Decided 1880-01-15

FOX, District Judge.

¶1After perusing the entire testimony a second time, I have been brought to the conclusion that, in 1873 and 1874, the respondents, Abby M. Caswell and Betsey Scribner paid to Samuel B. Scribner the sum of $1100 in full for his interest in all the estate, real and personal, of his father at his decease.

¶2From the time of such payment, Samuel B. Scribner held the title to the property in trust for the mother and sister; and, although he was insolvent at the time of the conveyance and was undoubtedly aware of his condition at that time, he was justified, under the bankrupt act, in perfecting his contract with his mother and sister, .and conveying to them the legal title to the property that they had previously purchased.

¶3The assignee is not in a condition to question such a conveyance, although made less than a month before proceedings in bankruptcy were instituted. The result therefore is, bill dismissed without costs.

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