Summary

Horace Gray Potter v. Couch Hale — Opinion of the Court

In order to ascertain the nature and the time of vesting of their interests, it is important, in the first place, to determine the extent and duration of the trust-estate of the executors and trustees named in the will, bearing in mind the settled rule that whether trustees take an estate in fee depends upon the requirements of the trust, and not upon the insertion of words of inheritance.
Source: Wikisource

Horace Gray Potter v. Couch Hale — Opinion of the Court

And on principle, and according to the weight of authority, a restriction, whether by way of condition or of devise over, not forbidding alienation to particular persons or for particular purposes only, but against any and all alienation whatever during a limited time, of an estate in fee, is likewise void, as repugnant to the estate devised to the first taker, by depriving him during that time of the inherent power of alienation.
Source: Wikisource

Horace Gray Potter v. Couch Hale — Opinion of the Court

As the only title of James Couch in the property devised was an equitable interest, which could not lawfully have been taken on execution at law against him, and as the trust was an active trust, 'in good faith created by,' and 'the fund so held in trust proceeded from,' the testator, 'a person other than the defendant himself,' the letter and the spirit of the statute alike require that this equitable interest should not be charged for his debts. It follows that neither the judgments and executions at law nor the suits in equity against James Couch gave any lien or title to his creditors
Source: Wikisource

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