24 Mo. App. 296 | Mo. Ct. App. | 1887
I.
Did the will impose the legacy of one thousand dollars to the plaintiffs as a personal' liability •only upon Miner F. Judy; or did it also fix such legacy as an equitable charge or lien upon the land devised to said Miner F. Judy? Upon this subject Chancellor Walworth has spoken as follows : “Upon a full examination of the authorities, therefore, I am satisfied that where real estate is devised upon condition to pay a legacy, or with a direction to the devisee to pay the legacy in respect to the estate so devised to him, and because
In Clyde v. Simpson et al. (4 Ohio St. 462), the case-just cited was approved, and, after a full review of the authorities upon the subject, it was said: “It is enough that the devisee stands charged with the payment of the-legacy on account of the devise; and the law then attaches a lien upon the estate devised, unless it appears -x- * * that the testator intended to deprive the -legatee of this security. This can do no possible injustice to the devisee, as he is required to pay no more than the testator has positively imposed, and he has voluntarily-assumed ; and it is very often necessary to prevent the grossest injustice to the legatees, and the greatest violence to the intention of the testator, by leaving them unpaid.”
In Dudgeon et al. v. Dudgeon et al. (87 Mo. 218), the devisee was required by the will to restore equality in the distribution of the testator’s estate by paying to the other children the excess given to him by the devisee. In that case it was said, that “in such case the law attaches an equitable lien on the land for the sum-required to be paid.” And Clyde v. Simpson (supra), was cited with approval.
We hold that the circuit court properly decided that the legacy was an equitable charge or lien upon the land devised.
II.
By section 3991, Revised Statutes (enacted in 1879),. it is provided as follows : “In all cases where lands are devised by last will, a copy of such will shall be recorded in the recorder’s office in the county where the land is-
The will was duly registered or recorded before Miner F. Judy, the devisee, conveyed the land. The recording of the will was “constructive notice of it to subsequent purchasers and mortgagees.” 4 Kent, 174, and cases cited; Hill on Trustees, 511, notes; Leading Cases in Equity (Hare & Wallace Notes); American notes, Leneve v. Leneve, vol. 2, part 1, 127.
III.
Was the lien enforceable against the purchasers with notice from the devisee %
All doubt as to what should be the rule, with reference to the duty of a purchaser from a trustee, as to the application of the purchase money, has been removed in this state by statute. It is provided by section 3937, Revised Statutes, as follows : “No person who shall, in good faith, pay money to a trustee or other person acting in a fiduciary capacity,- authorized to receive the same, shall be responsible for the proper application of such money ; nor shall any right or title, derived by him from such trustee or other fiduciary, in consideration of such payment, be called in question in consequence of any misapplication by such trustee.”
The question, therefore, is, was the devisee a trustee in the meaning of the statute, or of the common law rule upon this subject ?
It was early decided “that it makes no difference whether lands are given to be sold for the payment of debts, or are only charged with such payment.” Elliot v. Merryman, Barn. Ch. R. 78; 1 Leading Cases in Eq., 40, and the following cases, cited in the English notes to that case: Walker v. Smallwood, Amb. 676; Jenkins v. Hiles, 6 Ves. 654; Bailey v. Ekins, 7 Ves. 323; Dolton
But in the case at bar it must be noticed that the ■devisee was not the executor, that he was a devisee merely, and that the lien was attached or fixed to the land by law in order to carry out the intention of the testator, and to secure the payment by the devisee of the legacies which were imposed upon him as a personal liability. The payment of the legacies was a personal liability ; the legacies were the devisee’s debt; the lien was given as ■security for the payment of such debt. In such a case the ■devisee is a trustee for the legatees in the sense that a vendee is a trustee for the vendor, but in no other sense. Neither the legatee nor the vendor has any estate in the land. They have a “mere possibility of a right, until it is established by a final decree of a court in each case. It is not a direct trust in the land itself, but a collateral trust for the security of the debt. It is in fact a remedy for a debt, and not a right of property.” 1 Perry on Trusts, sect. 234, as to the nature of a vender’s lien. In this case the trust could not be performed by the mere •sale of the land, the trust being collateral and simply a security for the debt, viz: the legacies could only be performed by discharging that debt. In making. a sale ■of the land, therefore, the devisee was not acting as a trustee for the legatees; he was acting for himself. The devisee was not a trustee in the meaning of the statute, •or of the common law rule upon the subject under discussion. Both the statute and that rule- have application only to direct trusts, and not to a collateral trust, which is a mere security for a debt, as in this case. The
The judgment of the circuit court is affirmed.
