| New York Court of Chancery | Jul 15, 1851
The agreement in this case, is not signed by, or on behalf of Knox, the trustee, in the deed of Harding and wife, dated 2d of September, 1847, and, therefore, it might be premature and irregular to pass an order disposing finally of the question submitted for my opinion.
I have, however, read the agreement, and am of opinion, that the attachment issued by Ramey, and laid in the hands of the trustee, Alexander Kilgour, cannot be maintained.
In the case of the Farmers Bank of Delaware vs. Beaston, 7 G. & J., 421, it was decided that money or property in the hands of receivers appointed by this court could not be attached, though the simple fact that receivers had been appointed and given bond would not protect it. The exemption of property in the possession of a receiver from attachment, is also understood to have been decided by the Circuit Court of the United States for this District.
But if property in the hands of a receiver is not liable to attachment, it is not perceived upon what ground money held by a trustee of this court can be reached in that way. The trustee is the officer of the court, and money in his hands is under its protection and subject to be disposed of by its owner.
I consider the principles announced by the Court of Appeals in the case referred to, are decisive so far as the rights of the attaching creditor are concerned, and I can see no reason why the deed of trust to Thomas P. Knox should not be allowed to ■operate upon the fund in question in the hands of the trustee.