Wilbur v. Almy - 53 U.S. 180 (1851)
U.S. Supreme Court
Wilbur v. Almy, 53 U.S. 12 How. 180 180 (1851)
Wilbur v. Almy
53 U.S. (12 How.) 180
Where there were two trustees of the property of insolvents, and one of them made an assignment, but the other neither joined in it nor assented to it afterwards, the assignment was void.
And in the present case also the assignee appears to have received an assignment of the property only as security, until its profits should pay a debt due to him by the insolvents. That debt being extinguished, he has no right, as owner, to claim an account of further profits from the holder of the property.
The facts in the case are stated in the opinion of the Court, to which the reader is referred.