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Co-executors

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 39 U.S. 166 - Jefferson Edmonds v. Anderson Crenshaw · 1840Most cited · 14 citing opinions

One executor having received funds cannot exonerate himself, and shift the trust to his co-executor, by paying over to him the sums received. Each executor has a right to receive the debts due to the estate, and discharge the debtors; but this rule does not apply as between the executors. They stand upon equal ground, having equal rights, and the same responsibilities. They are not liable to each other, but each is liable to the cestuis que trust, to the full extent of the funds he receives.