Summary

Edward Douglass White Balkam v. Woodstock Iron Company…

To indorse the position of the plaintiffs in error, we should be compelled at the same time to disregard the elementary rules by which decrees of probate are sanctioned and upheld, on the ground of a technical construction which, it is asserted, we are compelled to adopt because of the decisions of the state court of Alabama, and to depart from the settled rule under which this court adheres to the decisions of state courts of last resort in construing statutes of limitation or enforcing the doctrine of prescription.
Source: Wikisource

Edward Douglass White Balkam v. Woodstock Iron Company…

Where land of a decedent is sold by the probate court for the payment of debts, or for distribution, and the proceeding is void for want of jurisdiction or otherwise, and the purchase money, being paid to the administrator, is applied by him to the payment of the debts of the decedent's estate, or is distributed to the heirs, while the sale is so far void as to convey no title at law, the purchaser nevertheless acquires an equitable title to the lands, which will be recognized in a court of equity.
Source: Wikisource

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