Summary

Portrait of Henry Billings Brown Henry Billings Brown Security Trust Company v. Dodd…

The operation of voluntary or common-law assignments upon property situated in other states has been the subject of frequent discussion in the courts, and there is a general consensus of opinion to the effect that such assignments will be respected, except so far as they come in conflict with the rights of local creditors, or with the laws or public policy of the state in which the assignment is sought to be enforced.
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown Security Trust Company v. Dodd…

Ludden, 34 Minn. 482, 27 N. W. 188, it was held that the courts of that state had no right to enjoin the defendant, who was a citizen of Minnesota, from enforcing an attachment lien on certain real property in Wisconsin owned by the insolvent debtors, although the execution of the assignment might, under the Minnesota statute, have dissolved such an attachment in that state; and that, even if they had the power to do so, they ought not to exercise their discretion in that case, where the only effect might be to enable nonresident creditors to step in and appropriate the attached property.
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown Security Trust Company v. Dodd…

The statute of Minnesota, under which this assignment was made, provides in its first section that any insolvent debtor 'may make an assignment of all his unexempt property for the equal benefit of all his bona fide creditors, who shall file releases of their demands against such debtor as herein provided'; that such assignments shall be acknowledged and filed, and, if made within 10 days after the assignor's property has been garnished or levied upon, shall operate to vacate such garnishment or levy at the option of the assignee, with certain exceptions.
Source: Wikisource

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