Majority
Headnote
In assignments for the benefit of creditors, it is necessary, that the assignor make the acknowledgment required by the statute (Laws 1860, ch. 848), before the title will become vested in the assignees.The question presented for adjudication in this case is, whether the delivery of this assignment executed by the Sheridans, hut not acknowledged, with the delivery of the possession of the property to the plaintiffs under the assignment, passed the title to them, so that they can hold it against the defendant’s levy on the attachment against Sheridans, in favor of Phelps and others. The question depends entirely upon the construction to be put upon the first section of the act of April 13, 1860 (Laws of 1860, chap. 348), which declares that “ every conveyance or assignment made by a debtor or debtors of his, her, or their estates, real or personal, or both, in trust to an assignee or assignees, for' the creditors of such debtor or debtors, shall be in writing, and shall be duly acknowledged before an officer authorized to take the acknowledgment of deeds, and that the certificate of such acknowledgment shall be duly indorsed upon such conveyance or assignment, before the delivery thereof to the assignee or assignees therein named,”
The rule has no application to a case like the present. If the legislature were to enact a statute expressly declaring that evexy conveyance of real estate shall be written or printed oxx parchment, it cannot be'doubted that a deed written on common paper would not answer. Our present statute says, that every grant in fee or of a freehold estate shall be subscribed and sealed by the grantor. (1 R. S. 738, § 137.) There are no negative words and no declarative words that the deed shall be inoperative if not scaled, and yet it has never been doubted that the seal is essential to give it validity. The fundamental mistake with the appellant’s argument is in treating this as merely an affirmative, declaratory statute. It is no such thing. It introduces a new law in regard to assignments. It requires every assignment, whether of real or personal property, to be acknowledged before an officer, authorized to take acknowledgments, before delivery, and the certificate of acknowledgment to be indorsed upon
This statute declares, that every assignment in trust for the benefit of creditors shall be acknowledged before delivery. It is only necessary to say, that no assignment can be delivered without being acknowledged, without violating the plain mandates of this statute, to perceive that this statute itself contains a clear negative against an assignment being made in any other way.
It is very clear to my mind, that a negative of the right to make an assignment in any other manner is implied in the very language of the statute, for when the statute declares, in terms, that every assignment shall be acknowledged before delivery, it, by necessary implication, provides, that no assignment shall be delivered without acknowledgment. It clearly denies, and withholds the right, which before existed, to dispense with the acknowledgment.
"We are referred to the several adjudged cases, holding some of the subsequent sections of this act to be merely directory. The case of Juliard v. Rathbone et al. ( 39 Barb. 97 ) holds, that the provisions, requiring the assignor within twenty days after the date of the assignment to make and deliver to the county judge an inventory of his debts and assets, were merely directory as to time, and if made after the expiration of the twenty days, it was good. The .case also holds, that section three, requiring the assignee within thirty days after the date of the assignment to give a bond for the faithful discharge of his duties, was so far directory, that his omission to give it within the thirty days would not invalidate the assignment. This case was rightly decided, and has been affirmed by several subsequent cases. ( Van
All concur.
Judgment affirmed.
Cases cited
- Almy v. Harris 5 Johns. 175 p. 198
- Juliand v. Rathbone 39 Barb. 97 p. 199
- Van Vleet v. Slauson 45 Barb. 317 p. 200
- Briggs v. Davis 20 N. Y. 15 p. 200
- Browning v. Hart 6 Barb. 91 at 94 p. 200