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26 Tenn. 239

Brown v. Vanlier

Tennessee Supreme Court

Decided December 15, 1846

Tennessee Supreme Court · decided 1846-12-15

This bill was filed by Thomas Brown in the Chancery Court at Franklin against Wallace Dixon, Sam. Vanlier, Lanier, Doyle and others. Held: “That the trustee in an assignment for the benefit of creditors, or the creditor himself where the property is assigned to secure a pre-existing debt, stands in the shoes of the assignee, and can take no other title than that of such assignee.” (See Bay vs. Coddington 20 Johns.

Cited by 1 later decisions — most recently October 1990

1 state decisions

Good law ✅— No negative treatment on recordhow we know

From this decree the complainant Brown appealed · Decided 1846-12-15

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TuRLEy, J.

¶1delivered the opinion of the court.

¶2The only question we deem it necessary to notice in this case, is, whether a vendor of land, when the purchase money has not been paid, can enforce his lien therefor against a trustee, and cestui que trust, when the land has been conveyed to secure debts; when the bill is filed for that purpose before the trust is executed.

¶3We have no doubt that he may. This question is virtually decided in the case of Pettigrew vs. Turner, 6 Hum. R. 440, where it was held that the right of wards to property purchased with their money might be sustained against a conveyance in trust, to secure bona fide debtors, notwithstanding such trustee and cestui que trust were ignorant of their existing equity at the time of the conveyance.

¶4But I do not deem it necessary to enter into an investigation of the proposition, because the subject has been exhausted in. the very able and elaborate argument of Mr. Cooper, which accompanies this opinion, to which I feel that I can add nothing, and to which I refer for the argument.

¶5Decree reversed, and decreed that the complainant be paid his purchase money, with interest, out of the proceeds of the land.

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