Summary

John McLean Oakey v. Bennett — Opinion of the Court

The bankrupt law of the United States of 1841 does not provide for an assignment. It requires the applicant to present a petition, with a list of his creditors and their places of residence, together with a schedule of his property, &c., and when declared a bankrupt, the third section provides that title to all his property, real and personal, shall be vested in assignees 'by operation of law,' without any other assignment or transfer. Such an act can have no extra-territorial force on real property, for the obvious reason, that there would be a defect of jurisdiction.
Source: Wikisource

John McLean Oakey v. Bennett — Opinion of the Court

The effect of Hall's surrender was to vest his property in his assignee, and in whomever the assignee might sell to. He is presumed to have known this, for it was the effect of his own deed. Even if in law his surrender in Louisiana did not pass Texas property, he could not set it up. Nullus commodum capere potest de injuri a su a propri a. And surely either Hall or his privy in representation cannot now deny the title of plaintiff, who, a bon a fide purchaser, by reason of their own act, will else be prejudiced by their taking advantage of Hall's wrong (assuming that any existed) .
Source: Wikisource

John McLean Oakey v. Bennett — Opinion of the Court

There can be no doubt, the proceedings in bankruptcy being regular and bon a fide, that the property of the bankrupt, within the appropriate jurisdiction, became vested by the act of Congress in his assignee. At the time of the decree of bankruptcy, and until a short time before the sale and conveyance of the property in question to the plaintiff, Texas was an independent republic, and in every respect a foreign state to the government of the United States.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature