43 Ind. App. 200 | Ind. Ct. App. | 1909
Action begun on May 10, 1905, by appellant upon a note for $10,000 executed by appellee and another on December 27, 1902. The complaint was accompanied by an affidavit in attachment, showing appellee to be a nonresident, and whether certain real estate in Marion county is subject to the levy and sale under the writ of attachment is the question for decision, judgment having been rendered on the note without controversy.
The court made a special finding, and for a second conclusion of law stated that the real estate attached as the
It is found that appellant and five others were the heirs of Anna Churchman; that appellee was her executor, and on May 4, 1904, filed his final report, which was shortly thereafter approved; that there were certain items of personal property which had not been administered on, and it was orally agreed by those concerned that appellee should hold such assets as trustee, and as soon as they could be reduced to money they should be divided among the six; that among said assets were certain shares of building and loan stock amounting to $9,000; that by the arrangement between the association and appellee,- acting as trustee, appellee prior to October 25, 1903, agreed to accept real estate in redemption of said stock; that to carry out said arrangement he procured one Pattison to act for him, and pursuant to such arrangement he paid Pattison by check $7,400, which sum was by Pattison paid to the association, which conveyed to him various parcels of real estate; that on January 4, 1904', Pattison conveyed the same to appellee, and the whole transaction was a means adopted by which to convey said real estate in part cancelation of the shares of stock before referred to; that on November 14, 1904, appellee conveyed said real estate to Robert M. 'Churchman, as trustee, he being one of the six heirs named, and such conveyance was made in recognition of the interest of the other heirs; that appellee held the title thereto in trust for said heirs, and this was the only consideration for the conveyance by him; that appellee on November 15, 1904, conveyed his individual interest in said land to his wife in settlement of alimony in a divorce suit by her, which deed was duly recorded.
Judgment affirmed.