86 F. 357 | U.S. Circuit Court for the District of Vermont | 1898
Section 5151 of the Revised Statutes of the United States provides that the shareholders of national banks shall he holden for the debts and obligations of the banks; and section 5152 that:
“Persons holding stock as executors, administrators, guardians or trustees shall not be personally subject to any liabilities as stockholders but the estates and funds in their hands shall be liable in like manner and to the same extent as the testator, intestate, ward or person interested in such trust would be, if living and competent to act and hold the stock in his own name.”
The plaintiff is receiver of the Sioux National Bank, and the defendant is executrix of the estate of J. R. Ellis, who is alleged to have
Nearly all questions relating to the liability of assets in the hands of an executor for such an assessment, in a suit in equity like this, that have been raised here now, were raised and fully considered in Witters v. Sowles, 32 Fed. 130, and decided in favor of the plaintiff. That decision was referred to in Keyser v. Hitz, 133 U. S. 138, 10 Sup. Ct. 290, with reference to the effect of the statute in laying this liability, and has not been questioned so far as has been noticed. The question of reaching the assets otherwise than through proceedings in the probate court has been more fully argued here, without noticing that case, and has been again examined and considered. The claim did not, as shown, so accrue in the life of J. R Ellis that commissioners on his estate would have jurisdiction of it. It never was a claim against him. Sawyer v. Hebard’s Estate, 58 Vt. 375, 3 Atl. 529; Hatch v. Hatch’s Estate, 60 Vt. 160, 13 Atl. 791. The federal statute puts the liability directly upon the assets. The question here is whether they are so in the custody of the probate court that they cannot be reached but through proceedings in that court. An executor or administrator here does not take title from the probate court, as a receiver of a court does, but under the will or by representation of the testator or intestate; and, while the assets of an estate are subject to the control of that court as to all proceedings .within its jurisdiction, they are liable to judgment or decree in other courts as to matters without its jurisdiction. Sparhawk v. Buell’s Adm’r, 9 Vt. 74; Brown v. Sumner’s Estate, 31 Vt. 671. In Holmes v. Bridgman, 37 Vt. 28, the supreme court decreed payment by the administrator, out of the estate of Bridgman, of claims arising in the settlement of another estate, which had never been presented or passed upon in any proceedings in the probate court in the settlement of Bridgman’s. And decrees in chancery affecting the assets of estates in matters within equity, and without probate, jurisdiction, are common. Williams v. Benedict,, 8 How. 107, and Yonley v. Lavender, 21 Wall. 276, were cases where the probate court had jurisdiction of the.debts for the purpose of distribution of the assets ratably among the creditors; and the jurisdiction of the federal courts over distribution of assets, or application of them to claims established there, was denied. But in Bank v. Jolly’s Adm’rs, 18 How. 503, and Green’s Adm’x v. Creighton, 23 How. 503, the power of the federal courts to reach assets in the hands of executors and administrators for the satisfaction of equitable claims of which those courts have jurisdiction was, after full examination, upheld. This court has jurisdiction of this matter on account of