Armstrong-Turner Millinery Co. v. Round

Citations

• 106 Kan. 146
• 186 P. 979
• 9 A.L.R. 1255
• 1920 Kan. LEXIS 472

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Exemptions — “Stock in Trade” Defined. “Stock in trade,” within the meaning of the act exempting certain property from sale upon execution or other process, means that form of property owned by a craftsman upon which he exercises his art, skill, or workmanship, and upon which he uses the tools of his trade or business.</p> <p>2. Same — Elements of “Stock in Trade” Exempt to a Milliner. Under the eighth subdivision of section 4700 of the General Statutes of 1915, exempting to the head of a family $400 worth of her stock in trade from sale upon execution or other process, the materials upon which a milliner exercised her skill and workmanship in making and trimming women’s hats — the silks, velvets, ribbons, feathers, flowers, hat frames, etc., and the finished hats made by herself. — -are her stock in trade, and are protected from forced process invoked against her by a creditor.</p> <p>3. SAME — Proceeds of Insurance Policy on Exempt Property are Likewise Exempt. The proceeds of an insurance policy which covered personal property which was exempt from forced process as stock in trade, and which was destroyed by fire, stand in the place of the exempt property, and are likewise exempt from forced process, and to the same extent.</p>