131 Mo. App. 299 | Mo. Ct. App. | 1908
Action on an attachment bond. Relator alleges in his petition that some time before the
The condition of the attachment bond is as follows:
It will be observed the condition just quoted is in conformity with the provisions of the statute. (Section 372, Revised Statutes 1899.) Prior to the revision of 1889, that statute (then section 40-1, Revised Statutes 1879) did not require the attachment bond to provide for the indemnification either of an interpleader or of the officer who served the writ. The object and effect of the amendment was to include such persons within the protection of such bonds, but defendants call attention to the principle applicable to a cause of action founded on the obligation of a principal and sureties that the relation between the creditor and the security debtor is comprised within the strict letter of the contract and the obligation of the latter, by no liberal intendment shall be extended beyond the undertaking (Bauer v. Cabanne, 105 Mo. l. c. 110, 118), and,'assuming that the revisors had this principle in mind when they amended the statute, argue that neither statute nor bond should be interpreted to embrace within the scope of the undertaking indemnity not only to the successful interpleader but also to the purchaser to whom such interpleader, after the levy of the writ and filing of his interplea transfers his interest in the at
Under this provision, Elmore might do just what he and relator agreed he should do, viz., continue the prosecution of the interplea in his own name but for the use and benefit of relator. The effect of that agreement was to constitute him the trustee of an express trust. As such trustee, he continued to hold the legal title, but the entire beneficial interest was vested in relator. By the terms of section 541, Eevised Statutes 1899, “a trustee of an express trust within the meaning of this section shall be construed to include a person Avith whom or in whose name a contract is made for the benefit of another.” Elmore became the nominal interpleader, relator the real interpleader, since it was his property right and his alone that was at stake in the litigation. Defendants, concede in effect that Elmore could have maintained the present action in his own name but for the benefit of relator. If this be true, it follows as a necessary corollary that relator may maintain an action without the intervention of his trustee whose interest would be only representative and not substantial. Section 540, Eevised Statutes 1899, provides that “every action shall be prosecuted in the name of the real party in interest.” Being the real party in interest by reason of having acquired the title and interest of the original interpleader by purchase, relator succeeded to the right of action on the bond and may prosecute it either in his OAvn name or through the medium of his trustee. This- conclusion in no wise enlarges the scope of the undertaking of the sureties. They undertook to indemnify Elmore as interpleader and, as we have shown, he could transfer his right to the indemnity as one of the incidents of ownership and without altering in any manner the contract of the sureties. The folloAving authorities are in point:
The petition states a cause of action and it follows that the judgment must be affirmed.