Sheldon v. Rounds

Defendant in error is and was in April, 1877, the wife of Charles L. Bounds. Her husband previous to the time named, had been engaged in mercantile business in partnership with one Shakespeare, and the copartnership went into bankruptcy in that month. Plaintiff in error was then appointed assignee in bankruptcy, and took possession of their stock as such. The question soon arose whether each of the partners was entitled to an exemption from the stock of two hundred and fifty dollars in value, under Comp. L., § 6101, clause 8.*

Bounds claimed the full exemption on his own behalf, but the…