Summary

Brown v. Fletcher (235 U.S. 589…

The rights of the beneficiary here depended not upon an agreement between him and Braker, but upon the terms of the will creating the trust and the duty which the law imposed upon the trustee because of his fiduciary position. And a proceeding by the beneficiary or his assignee for the enforcement of rights in and to the property, held-not in opposition to but-for the benefit of the beneficiary, could not be treated as a suit on a contract, or as a suit for the recovery of the contents of a chose in action, or as a suit on a chose in action.
Source: Wikisource

Brown v. Fletcher (235 U.S. 589…

In continuing the statute Congress also carried forward the construction that the restriction on jurisdiction applied to suits for damages for breach of contract, but did not apply to suits for a breach of duty nor for a recovery of things. It therefore becomes necessary to determine whether these proceedings by bill in equity are suits by assignees on a chose in action; or suits for the recovery of an interest in property by the transferee or assignee.
Source: Wikisource

Brown v. Fletcher (235 U.S. 589…

No district court shall have cognizance of any suit (except upon foreign bills of exchange) to recover upon any promissory note or other chose in action in favor of any assignee, or of any subsequent holder, if such instrument be payable to bearer, and be not made by any corporation, unless such suit might have been prosecuted in such court to recover upon said note or other chose in action if no assignment had been made.'↑ 'Sec.
Source: Wikisource

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