48 F. 489 | U.S. Circuit Court for the District of Eastern Virginia | 1880
This is a suit in chancery, brought by the executors, under letters taken out in Ohio, of Calvin Giddings, deceased, who was a citizen of that state, and whose will was pfoved there; the executors, of course, being also citizens of Ohio. The object of the suit is to subject a certain piece of land near the town of Hampton, in this state, to the Ren for part of the purchase money of the land evidenced by a negotiable note which had been indorsed to the testator in his life-time by the vendor of the land, and which matured some eight months after the death oí the testator, and after the qualification of the complainants as b;s executors in Ohio. The note was found by the executors among the testator’s effects in Ohio. The vendee of the land, who is the principal defendant in the bill, is not a resident of this state, but is a resident of New Jersey; nor has process been served upon him, but he has appeared by counsel, and pleads that the complainants ought not to be heard in this suit, because they have never received nor obtained letters of administration upon their testator’s estate from any court or authority in the state of Virginia.
A negotiable note is of the same character, as to the right of suit, with a chose in action assigned and sued upon as just instanced. Negotiable notes partake of the character of personal chattels on account of their transferability. The legal property in them passes by transfer, as it does in chattels. If a negotiable note matures after the death of a testator, as in the case at bar, it becomes vested in liis local executor. See Story, Confl. Laws, §§ 355, 359, 517. It is his property, is inventoried by him as such, and the title to it vests in him precisely as that of a watch or a horse vests in him, as part of the home assets of the testator’s estate, distributable as all other home assets are, as directed by the law of the particular state. The executor may indorse and deliver it to whom he may please, and such action on his part transfers to the indorsee the same right to sue all over the world as belongs to the holder of any other negotiable paper. Whether he indorses it, or does not, its proceeds or the note itself is home assets, subject exclusively to home distribution under the law of the domicile;' and therefore it is maintained by Mr. Justice Story (Oonii. Laws, § 517) that if be does not transfer the note by indorsement, but sues upon it himself in another state, he need not take out letters testamentary in the stale whore the debtor resides, in order to maintain his suit against him. I hold, therefore, that the plea of A. B. Green in this case is not good, and that the suit may proceed in the name of the executors, complainants. If the paper were transferable by indorsement (which includes delivery) when the, executors came into possession of it, the fact that the testator wrote his name upon it in his life-time was nugatory, and the ])ersonal representative cannot, complete the transfer by delivery. ITe must himself, in his full legal character, indorse the paper; that is, write the transfer on it and deliver it. 1 Daniell, Ch. Pr. § 367; Clark v. Boyd, 2 Ohio, 56; Clark v. Sigourney, 17 Conn. 511; Bromage v. Lloyd, 1 Exch. 32; Insurance Co. v. Leavenworth, 30 Vt. 11; Thomp. Bills, 91.
In the present case, even if I thought- it necessary that these complainants should take out letters testamentary in Virginia, this requirement would not invalidate their present proceeding; for it would be competent for them still to-do so; and the court would allow them to amend their bill to embrace this new feature in the case, as was done in Swatzel v. Arnold, 1 Woolw. 383.