6 Lans. 296 | N.Y. Sup. Ct. | 1872
The only question in the case ■is, whether the right of action was barred by the statute of limitations before the action was commenced. The money to recover which this action is brought came to the possession of the defendant on the 2d of July, 1861, by means of the foreclosure of a mortgage, and the purchase by the defendant of the mortgaged premises upon the sale. The purchase .price at the sale, exceeded the amount due on the mortgage and costs of foreclosure, in the sum of $1,833.78. This amount became and was a trust fund under the will of Margaret Dunning. She was the owner of the premises in fee, subject to this mortgage, and died October 19th, 1857, leaving a last will and testament by which she devised the said
Before there is any party who can maintain an action, or in whom any right of action has vested, there is no contract, obligation or liability, express or implied, to pay. The statute does not commence to run until a right of action in favor of some one has accrued. It is not at all like the case of a person under a disability to serve, in whose favor a right of action has accrued. It is a case where a right of action does
But he renounced and refused to accept the trust, also, and the estate never vested in him. He could not be compelled to take the title against his will. (Towson v. Tickell, 3 B. & Ald., 31; 1 Cruise’s Dig., 433, Gred. ed.; Depeyster v. Clendenning, 8 Paige, 295; Burritt v. Silliman, 13 N. Y., 295 ; Beekman v. Bonser, 23 id., 305; McCosker v. Brady, 1 Barb. Ch., 329 ; In the Matter of George W. Robinson, 37 N. Y., 261.)
In such a case the execution of the trust devolves upon the Supreme Court, and it is its duty to appoint a trustee to execute the trust. Until a trustee is appointed in such case, there is no person to bring an action, and no right of action has accrued. Even if the title to the land devised in trust vests nominally in the renouncing trustee, in order to prevent a failure of the trust, still the execution of the trust in that case devolves upon the court, and no right of action could accrue to the nominal trustee who had refused to accept the trust. (King v. Donnelly, 5 Paige, 46.)
The plaintiff did not. become the trustee under the will, by virtue of her appointment as administrator with the will annexed, on the 11th of March, 1869. That appointment gave her no title to the trust property, nor did it clothe her with the trust power given by the will. The execution of the trust had then devolved upon this court, and it had become, by law, vested with all the trust powers which the will had conferred.
These powers could not be taken away and conferred upon another by the surrogate, by any appointment he could make. The court in which the powers had been cast and where it resided could alone clothe an appointee with the necessary power to. execute and carry out the trusts.
An administrator with the will annexed has no power
The judgment must therefore be affirmed.
Judgment affirmed.