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43 Mass. 352

Meacham v. McCorbitt

Massachusetts Supreme Judicial Court · decided 1841-03-15

It appeared from the answer of John K. Simpson, who was summoned as trustee of the principal defendants, that they procured from the Neptune Insurance Company an insurance on their furniture, payable to said Simpson in case of loss : That the policy was made thus payable, in order that Simpson, in case of loss, might receive the amount of a debt due to him from the assured, which was secured by a mortgage of said furniture : That said furniture was destroyed by fire, on the…

Relies on Wood v. Partridge

Decided 1841-03-15

Shaw, C. J.

¶1The liability of Simpson to the principal defendants, at the time of the service of the trustee process, was contingent. He had a right to collect the money due on the policy, which, when collected, and after satisfying his own debt, would be the money of the defendants. Till collected, *353he nad no money of the defendants ; and the right to collect it was a chose in action not attachable by the trustee process. Wood v. Partridge, 11 Mass. 488. We think he stood in no higher responsibility to the defendants, than the assignee of a chose ir action to the assignor, before the debt has been recovered. Lupton v. Cutter, 8 Pick. 298. Tucker v. Clisby, 12 Pick. 22. The validity of the attachment must depend upon the facts, as they existed at the time of the service of the trustee process ; the receipt of the money on the policy, afterwards, did not render the respondent liable as trustee.

¶2Trustee discharged.

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