88 Iowa 649 | Iowa | 1893
The contentions of counsel render dates quite important. On-the same day that Edson, Keith & Co. commenced its equity action in Franklin county, January 13, 1887, Johanna Cohn commenced her law action, aided by attachment, in Floyd county, and on the next day
It is also urged that a creditor, before judgment, can not maintain a suit to set aside a fraudulent conveyance ; and, besides authorities cited claimed to support such a rule, we are cited to Code, section 3150: “At any time after the rendition of a judgment, an action by equitable proceedings may be brought to subject any property, money, rights, credits or interest therein, belonging to the defendant, to the satisfaction of such a judgment.” Without an intimation that we are in accord with such a view, we may say that, if the view is sustained, we do not see how it affects the validity of the decree assailed, for the reason that nothing in any ease, or the statute quoted, can be construed as holding that a decree entered upon such a state of facts would not be a perfectly valid decree, when it became final. Conceding that in that case, upon proper issues made, the defendants would have been entitled to a decree, still it was but an erroneous judgment of the court, in a matter of which, both as to persons and the subject, it had complete jurisdiction; and, upon undoubted and unbroken authority, such a decree is as valid and binding when it becomes
The appellants contend that, even if the decree, as between the parties, is valid, yet, as to other parties claiming rights, it is not so. The rights of the parties to this suit depend upon the priority of their liens. If the defendant had a lien prior to that of the plaintiff, the decree in that suit would not bind her, for she was not a party thereto. But, if she had no lien before the commencement of the equity action, she could not, by a levy thereafter, create a lien, or acquire an interest against that, of the plaintiff in the action. Such is the language and spirit of Code,, section 2628. The plaintiff, or Edson Keith & Co., by attachment, levied on the land December 28, 1886. January 13, 1887, it commenced its suit to subject the attached property to the payment of the debt. The defendant has no pretense of a lien prior to January 14, 1887, when the attachment was levied. The lien of the plaintiff is as conclusive as if Riefe and wife had on the thirteenth day of January, 1887, in good faith, made their mortgage to create one; and, because of the pendency of the suit, third persons were required to take notice of it. Code, section 2628.
We do not think it necessary to consider further questions in the case. The decree of the district court is in harmony with our views, and it is aejtbmed.