3 Bradf. 85 | N.Y. Sur. Ct. | 1854
The intestate was married to John B. Bennett, Nov. 13, 1825. At the time of her marriage, she was interested in the residuary estate of her grandfather, Daniel Nash, who had died shortly before, leaving a will. Certain property was reserved by the executors to pay an annuity bequeathed to the testator’s widow, and after her decease in September 1827, distribution being made, eight shares of stock in the Union Bank, in the city of New York, were set apart and allotted to the intestate, Sarah Bennett, as her share of that portion of the residuary estate of her grandfather. The stock was transferred to her name in May, 1836, and her husband drew the dividends on it from that time until November, 1848, although she died in February, 1837. John B. Bennett died in September, 1852, never having administered on the estate of his wife, and a question now arises between his administrator and her administrator, whether the stock belongs to his estate or to her estate. On the facts as detailed, our law would give the property to the administrator of the husband, but all the parties being domi
The husband, during his life-time, performed no act constituting a reduction of the stock into possession. His receipt of the dividends only reduced the dividends into possession, and not the stock. The only question, therefore, that I see requiring determination, is, whether it was necessary to reduce the stock into possession in order to make it the property of the husband. Though there have been conflicting decisions on this subject at Common Law, the English rule seems now to be well established, that dioses in action, and stocks of the wife, whether acquired before or after coverture, survive to the wife unless reduced into possession by the husband in his life-time. (Lawrence vs. Beverleigh, 2 Keb., 841; Garforth vs. Bradley, 2 Vesey Senr., 676 ; Richards vs. Richards, 2 B. & Adol., 452; Philliskirk vs. Pluckwell, 2 M. & S., 395; Nash vs. Nash, 2 Madd., 133 ; Gaters vs. Madeley, 6 Mees & W., 423; Sherrington vs. Yate-
This then is the law of Connecticut, and it is useless to refer to decisions in the English Courts or elsewhere, in conflict with it. Nothing remains but to apply the law as we find it, to the case in hand. It seems to have been admitted, in Griswold vs. Penniman, that as to property belonging to the wife before marriage, being choses in action, if the husband does not reduce them into possession during coverture, “ they survive to the wife, if she outlives him, or to her administrator, if she does not.” The only question remaining open, therefore, is, whether the eight shares of Union Bank Stock, in controversy, accrued to the wife during coverture. If they did, they immediately became the property of the husband; if they did not, they remained her property, and passed on her decease to her administrator, the husband not having reducd them into actual possession before his death. I think the date of the transfer of the stock settles this point. Mrs. Bennett’s interest in her grandfather’s estate accrued before coverture, and if that had remained open and unsettled till after her decease, it would have passed to her administrator. But that undivided share or interest was terminated after her marriage, by a partition, division, or distribution. It was extinguished and satisfied by her portion being allotted to her in severalty. Having ceased to exist, that undivided interest is not now the subject
It was suggested on the argument, that it might be worthy of consideration, whether the transfer of stock is not governed by the local law, so as to oust the lex domicilii. That is true in one sense, but the doctrine relates to the forms of transfer directed by the local law, and not to the rights of parties, or to the legal effect of a transfer when correctly made. (Story's Conflict Laws, § 383; 2 Kent. Com., 430; 3 Burge Com., 750-2.) The decree must direct payment to Mr. Bennett’s administrator for distribution among his next of kin, according to the laws of Connecticut, and treating the stock in dispute as his property.