Central Georgia Bank v. Iverson
Supreme Court of Georgia
Yerdict. Equity. New Trial, Practice in Superior Court. Before Judge Simmons. Bibb Superior Court. April Term, 1883. On September 22,1877, the Central Georgia Bank filed', its bill against B. Y. Iverson, trustee for his wife and children, and against the oestuis que trust, alleging that, on January 23,1871, the trustee, being indebted to Collins & Son, warehousemen, for money and advances made and. expended for the benefit of the trust estate, gave them a warranty deed to…
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Yerdict. Equity. New Trial, Practice in Superior Court. Before Judge Simmons. Bibb Superior Court. April Term, 1883. On September 22,1877, the Central Georgia Bank filed', its bill against B. Y. Iverson, trustee for his wife and children, and against the oestuis que trust, alleging that, on January 23,1871, the trustee, being indebted to Collins & Son, warehousemen, for money and advances made and. expended for the benefit of the trust estate, gave them a warranty deed to certain land, as security for the debt,. and took a bond to reconvey the same upon its payment on or before November…
1Opinion of the Court
Clarke, Judge.
Benjamin V. Iverson, as trustee for his wife, Juliette, and for his minor son, JamesS., executed to Collins &Son a deed to certain realty of the trust estate. The deed, though absolute and for the fee simple on its face, was made to secure a large indebtedness of said trustee to the grantees. The latter executed an obligation to re-convey on payment of the debt. On petition of the trustee and the written consent of his wife, as well as of a guardian ad litem for said minor, the chancellor had, at chambers, passed an order allowing the transaction to be made, upon the ground that…
2Cases cited1 opinion
- Mitchell v. PrintupSupreme Court of Georgia · 1859
3Cited by3 opinions
- Donaldson v. RobertsSupreme Court of Georgia · 1900
- Apperson v. Mutual Fertilizer Co.Supreme Court of Georgia · 1918
- Westberry v. ReddishSupreme Court of Georgia · 1933