Opinion

Ex parte Wilds

  • 182 N.C. 705
Court
Supreme Court of North Carolina
Filed
Dec 21, 1921
Status
Published
Author
Adajis
On the bench
Adajis
Cited by
0 cases
Authority
More cited than 14.5%

The opinion

Adajis, J.

The only question presented for decision is whether his Honor had power to make the order of sale. The purchaser declined to accept the commissioner’s deed on the ground that the trust will not vest in the trustees until the termination of the life estate. Immediately upon the devisor’s death McBary acquired a life estate and the trustees a vested remainder in the home place. His Honor ordered the sale upon *708 tbe joint petition of tbe life tenant and tbe remaindermen; and as tbe trust became effective as a vested remainder at tbe death of tbe testatrix, subject, of course, to tbe legal rights of tbe tenant for life, tbe purchaser has no valid reason for bis refusal to accept tbe deed or to pay tbe purchase price. In Church v. Ange, 161 N. C., 315 , Allen, J., said: “Courts of equity have long exercised tbe jurisdiction to sell property devised for charitable uses, where, on account of changed conditions, tbe. charity would fail or its usefulness would be materially impaired without a sale.” Lackland v. Walker, 52 N. W., 422 ; Brown v. Baptist Society, 9 R. I., 184; Stanly v. Colt, 72 U. S., 119 ; Jones v. Habersham, 107 U. S., 183 ; Fisher v. Fisher, 170 N. C., 381 .

Tbe judgment is

Affirmed.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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