21 Md. 426 | Md. | 1864
delivered the opinion of this Court:
Rebecca Montoilh, late of the City of Baltimore, on the 7th April 1858, made her last will and testament, bequeathing, after the payment of her just debts, (of which she declared she did not then owe any,) certain small pecuniary legacies, and further devising as follows:
“I am desirous of disposing of such worldly effects as I may die seized or possessed of, so that the poor may bo benefited thereby, and with that view, I do direct my executor hereinafter named, immediately after my death, to sell my property, and to sell at such time as in his judgment the most can be realized therefor, and the proceeds thereof pay to the Baltimore Association for the improvement of the condition of the poor, “to be by them used in purchasing wood and other fuel and provisions for the benefit of the poor,” and appointing the appellant her executor. This will was proved on the 26th August 1858. It does not appear from the record when letters testamentary were granted.
The appellant, as executor, passed his first account on the 31st March 1860, showing a balance in his hands at that date of $1397.53.
Consisting of specifics, - - $20 00
Bank stock, - 440 00
Cash, - - - 937 53
$1397 53
On the 15th March 1861, the appellant filed his 2nd account showing a balance,of $592.16, of which he proposed
The appellant file.d two answers to this petition, which virtually assume the same ground for the non-payment of the balance in his hands, which he relied on in tho statement, annexed to his second account, viu: that there was an outstanding claim against the estate, which was in the course of litigation, and which he was entitled by law to retain assets sufficient to satisfy.
General replications were filed to these answers, and depositions taken on behalf of the appellants, to prove the existence of the claim and some docket entries and documentary evidence filed.
The decree of the Orphans’ Court passed on the 29th March 1862, requires the appellant to bring into Court on
The appellant insists, he is not properly chargeable with interest under the circumstances, and for the reasons assigned, and relies on Mickle, Adm’r of Campbell, vs. Cross, Adm’r of Nelson, 10 Md. Rep., 352.
There is very little similarity between the case cited and that before us. The Court in that case expressly disallow the interest charged by the Orphans’ Court against Campbell’s estate, because it was in proof Mr. Campbell had repeatedly offered to pay the legacy (the fund on which the interest was claimed) to Judge Purviance, the legatee in trust, and he declined it, yet would -not renounce or put in writing any thing to indicate his- refusal to accept, or renounce or release the same. The executor therefore retained stocks and cash to enable him to pay the legacy “so soon as the legatee should be prepared to receive it.” And this retention appears in the administration accounts passed by the Orphans’ Court.
The retention of assets to satisfy a legacy bequeathed by the will under which tho executor acts, is an imperative legal duty in discharge of his official obligation, if there are assets sufficient to pay preferred claims. The retention of assets to meet an unliquidated demand against the estate of the testator, is not the right of the executor, but rests in the discretion of the Orphans’ Court. The proceedings in the record show the Court below did not sanction such an application of the assets. A considerable proportion of these assets consisted of stocks hearing interest, and it does not appear but tboy were still retained by tbe executor. The first and second accounts show that ho
It is unnecessary to comment on the stale character of the demand. If the claim was disputable, policy, as well as duty, required that the assets should be made to earn interest, to meet accruing interest. The general principles laid down in the cases of Gwynn vs. Dorsey, Adm’r, 4 G. & J., 453, and Thomas’ Adm’x, vs. The Fred. Co. School, 9 G. & J., 115, and Chase vs. Lockerman, 11 G. & J., 207, are recognized in 10 Md. Rep., and cited with approbation, adopting this conclusion: “Blit if the Court observes that an executor keeps money dead in his hands without any apparent reason or necessity, then dt becomes negligence and a breach of trust, and the Court will charge the executor with interest.”
Considering the case as presented by the record, we think there was no error in the decree appealed from, "and the same must be affirmed.
The matter referred touin the appellant’s memorandum, as having occured since the decree appealed from, is not properly before us, and cannot be received.
Judgment affirmed.