Lucius Quintus Cincinnatus Lamar

Summary

Lucius Quintus Cincinnatus Lamar Broom v. Armstrong — Opinion of the Court

As opposed to the holding of the district and supreme courts that the commencement of the suit to foreclose keeps alive the lien of the mortgage, and continues it in force up to the foreclosure decree, it is insisted that the sections above quoted expressly limit the duration of the lien to the expiration of 90 days from the maturity of the debt; that to this clear and imperative limitation the statute makes no exception; that such a holding adds a condition which is not only not in the sections quoted, but is absolutely prohibited by them
Source: Wikisource

Lucius Quintus Cincinnatus Lamar Broom v. Armstrong — Opinion of the Court

This remedy of a suit for foreclosure of a chattel mortgage has been adopted in most of the states, and has been much commended by the courts and text-writers as a safer and more adequate remedy for recovering debts secured by chattel mortgages, and enforcing the lien of the mortgagee, than that of actual seizure and sale of the property by the mortgagee, or than the action of replevin, detinue, or trover.
Source: Wikisource

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