Majority
Headnote
Equitable conversion. — Execution of power. — Appeal.It seems to be certain, that the testator, Benjamin Hyde, did not intend to devise the land in question, as such, to Benjamin Hyde Old, Joshua Hyde Old, his nephews, and Caroline Old, his niece. They were aliens, at the time the will was made, and at the death of the testator, and incapable, for that reason, of taking the land as devisees. But they were not incapable of taking the proceeds of the land, when sold; he, therefore, directed the land to be sold, and the net proceeds to be divided between the three persons above named. There was no devise of the land to these persons nor to any one else: as devisees, they take the price of the land, but not the land itself.
The principles applicable to a case of this kind are clearly stated by the vice-chancellor, Sir JohN Leach, in the case of Smith v. Claxton (4 Madd. 492). “ A devisor may give to his devisee either land, or the price of land,
Benjamin Hyde Old, therefore, took no estate in the land, as land, under the will. If he took any estate in the land, by virtue of the first section of the act of 1843 (which enables naturalized citizens, under certain circumstances, to take and *hold lands coming to them by grant, devise or inheritance, while they were aliens), he must have taken it by inheritance, and not by devise; and such inheritance was liable to be defeated by a sale under the power contained in the will, if any such valid power existed.
The doubtful question, if any there be in the case, is, whether power was given by the will to the executors to sell the land for the purpose of distributing the proceeds among the testator’s nephews and niece. The testator devised to his wife the rents of his four houses, during her natural life, and his household furniture, plate, &c., and proceeds, “ after her death, the house and lot, the corner of Amity and Greene streets, to be sold, and the net proceeds to be equally divided between Benjamin Hyde Old, Joshua Hyde Old, and their sister, Caroline Old, share and share alike.” The testator appointed for his executors and executrix, Benjamin Hyde Old, Joshua Hyde Old, Benjamin Hyde Meakings and Jane Parks Meakings. The executors are not, by express words, made the donees of the power, and it is, therefore, con
It is conceded, that where a testator directs his lands to be sold for the payment of his debts, or for the payment of legacies, and appoints executors, the executors have the power to *sell, although they are not named as the donees of the power, otherwise than by naming them as executors. The reason given for this is, that it belongs to the executor to pay the debts and legacies; and the testator having directed that to be done, by means of a sale of his land, the executor should have the power to sell, as incident to the accomplishment of the testator’s main purpose. But it is denied, that the executor has a power, by implication, to sell, in a case in which the proceeds of the sale are to be distributed among his kindred or other objects of his bounty; and that the reason above mentioned does not apply to such a case, because the distribution is not to be made by the executor, in the course of his duty as such, and in his character as executor.
But this seems to be an erroneous assumption. By the settled doctrine of equitable conversion, the testator gives money and not land to his nephews and niece, and the gift is, for all substantial purposes, a legacy. It was so regarded in the case in 2 Leon. 220, which so far as it
The authority of this case was questioned on the argument, and supposed to be overruled by the decision in Bentham v. Wiltshire (4 Madd. 44); but the doctrine in that case has in its turn been doubted. There is, moreover, a manifest difference between that case and the present.
^11 CaSe’ *^es^or ¿hooted the estate to be sold (not saying by whom), and the moneys to be distributed; and the question was, whether the heir should join with the executors in executing the conveyances. It was held, that the executors had not the power of making the sale, without the concurrence of the heir, to whom the legal estate had descended. But in the present case, there was no heir to whom the legal estate could descend at the death of the testator; the persons who would otherwise have inherited were aliens, and the lands escheated. It cannot be supposed, that the testator expected that the sale would be made by the state, under the direction given by the will. The testator's intention was, to protect the title of the land against the state, by a sale and distribution, and this could be done only by the executors.
In Patton v. Randall (1 Jacob & Walker 189), the estate was devised to the children of the testator, and on that ground, it was held, that a power to the executors could
In Lloyd’s Lessee v. Taylor ( 2 Dallas 223 ), the question arose upon a devise, that after the death of the testator’s wife, certain lands should be sold and the money divided among children; but the will did not declare by whom the sale ^'should be made. The land was sold, * however, by the survivor of two executors, and it was submitted for the opinion of the court, whether that sale was good. The court adjudged it good, and declared it a plain case. In Craig v. Leslie ( 3 Wheat. 563 ), the proceeds of real estate sold under a power contained in the will of Robert Craig, were regarded as a bequest of personal estate, and a legacy.
In Bogert v. Hertell ( 4 Hill 492 ), land had been sold by the executors, under a power contained in the will of ’ John Dover, to be divided among certain persons named in the will. The executors took a bond and mortgage to themselves, as executors; one of them, afterwards, sold and assigned the bond and mortgagé to Bogert, for its full value, and misapplied the money; the question was, whether Bogert acquired a title to the bond. If the executors held it in the character of trustees, one had no right to assign it, without the concurrence of the other ;
In Stagg v. Jackson ( 2 Barb. Ch. 86 ), the persons entitled to distributive shares of the proceeds of real estate, sold by an executor under a power contained in a will, are declared to be legatees, within the meaning of the statutory provisions authorizing the surrogate to require the executor, as such, to account for the funds arising from the sale. This is upon the ground that the proceeds of the sale are to be regarded as personal estate, to all intents and purposes, unless there be a failure of the pur
It was further contended on the argument, that if the executors had the power of selling'the lands, it has not been well executed, because, on the face of the deed, the consideration was nominal, and no proof was made that the land was fairly sold for its value. But on looking into the bill of exceptions, it appears, that the only points made at the trial were, *first, that the executrix, Jane Barks Meakings, had not the power, by implication, to make the sale; and secondly, that the power was not well executed, because the other executors did not join with her in its execution.[1] The latter point was not insisted on before this court. The judgment of the court below should be affirmed, with costs.
Judgment affirmed.
1 See the cases, on this point, collected in Bright. Dig. 16G, \ 526.
Cases cited
- Meakings v. Cromwell 2 Sandf. 512 p. 129
- Craig v. Leslie 3 Wheat. 563 p. 137
- Stagg v. Jackson 2 Barb. Ch. 86 p. 138