166 Ky. 673 | Ky. Ct. App. | 1915
Opinion op the Court by
Affirming.
In 1888 Charles M. Thruston died, domiciled in Louisville. His will contained this language:
“After the payment of the above legacies and my just debts, I devise and bequeath to my sister, Barbara F. Thruston, in trust for my dearly beloved wife, all the
On May 21, 1890, an action was.instituted in the Louisville Chancery Court, being No. 43540, and styled Leonora Thruston v. Barbara Thruston, et al., to obtain a sale by the court of a lot on Fifth street, in Louisville. The parties to that action were the life tenant, the remandermen named in the will and the heirs-at-law of the other two sisters of the testator. In that proceeding the lot in question was sold; and from the purchaser it passed by mesne conveyances to J. A. Whitcomb.
After the death of the life tenant, certain children of the devisee remaindermen and of Mrs. Hornsby instituted this present action against Whitcomb to recover possession of the property so sold. For the purpose of presenting at once all of the matters involved in the controversy, the plaintiffs, in addition to the usual allegations in ejectment actions, conceded in their petition the sale of the property to Whitcomb in the aforesaid action No. 43540, but did not make the record therein, or a copy thereof, a part of the petition, so as to enable the court to determine whether the proceedings in' that action were regular; plaintiffs contenting themselves in respect of the object and nature of that action and the disposition of the proceeds of the sale therein, with the allegation that such action was instituted ‘ ‘ seeking a sale and division of the proceeds of certain prop-trey of said estate,” including the property here in question.
The lower court sustained a demurrer to the petition ; the plaintiffs declined to plead further, and the court dismissed the petition. Plaintiffs appeal.
1. The devisees took under the will a vested fee simple estate in remainder; but this was subject to be defeated by their deaths before that of the life tenant. Mercantile Bank v. Ballard’s Assignee, 83 Ky., 481, 7
2. Under Article 6, of Chapter 63, General Statutes, a sale of property so held was authorized. Scheirich v. Maxwell, 89 S. W., 4, 28 R., 173. That statute authorizes the sale of remainder and contingent interests in real property upon the petition of any person having a present or vested interest therein, for the purpose of reinvestment of the proceeds. See Kalfus v. Davie, 110 S. W., 871, wherein the whole of article 6 is cited.
But it seems to be contended by the appellants that, under the statute mentioned, such a sale would not take with it the rights of persons not made parties to the action ; that, as the testator died intestate in respect of the disposition which should be made of the property in the event of the death of all the remaindermen prior to that of the life tenant, there was a possibility of reverter which came into being upon the death of the last remainderman and passed to the heirs-at-law of the testator upon the defeat of the fee; and that, as appellants were not made'parties to the action in which such sale was had, before the defeat of the fee, the sale could not operate to extinguish their possibility of reverter.
The statute in question provides that the sale thereunder made shall invest the purchaser with all the title of the present and future contingent claimants to the said real estate; and we think this is amply broad enough to cover the possibility of reverter in such a case as this No sale may be had under the statute mentioned unless it be for the purpose of re-investment of the proceeds.
And, when the action is brought under this statute, and the judgment directs a re-investment of the proceeds of the sale, the proceedings being regular, the purchaser takes an absolute title, the possibility of reverter being extinguished, so far as the property sold is concerned. Such a proceeding cannot prejudice the rights of those in whom there is a possibility of reverter in the event of the defeat of the fee, for in such event they may look to the proceeds of the sale or to the property therewith purchased.
Thé petition herein alleged that the action No. 43540 was brought for a sale and “division of the proceeds of sale. ’ ’ But this is a mere conclusion of the pleader. In the absence of the record in that proceeding or a more
For these reasons, the chancellor’s action in sustaining the demurrer to the petition was right. The judgment appealed from is therefore affirmed.