Summary

Portrait of Stephen Johnson Field Stephen Johnson Field Koontz v. Northern Bank — Opinion of the Court

A purchaser under a deed from a receiver is not bound to examine all the proceedings in the case in which the receiver is appointed. It is sufficient for him to see that there is a suit in equity, or was one, in which the court appointed a receiver of property; that such receiver was authorized by the court to sell the property; that a sale was made under such authority; that the sale was confirmed by the court, and that the deed accurately recites the property or interest thus sold.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field Koontz v. Northern Bank — Opinion of the Court

If the receiver in the one case, or the sheriff in the other, omit to perform his whole duty, by which the parties are injured, or commit any fraud upon the court, and the rights of third parties have so far intervened as to prevent the court from setting the proceedings aside, the injured parties must seek their remedy personally against those officers, or on their official bonds.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field Koontz v. Northern Bank — Opinion of the Court

He is not bound to inquire whether any errors intervened in the action of the court, or irregularities were committed by the receiver in the sale, any more than a purchaser under execution upon a judgment is bound to look into the errors and irregularities of a court on the trial of the case, or of the officer in enforcing its process.
Source: Wikisource

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