Bole v. McKelvy

Citations

• 189 Pa. 505
• 42 A. 42
• 1899 Pa. LEXIS 680

Syllabus

<p>Tax sales—Tax liens—Cities of the second class—Act of March 22, 1877 —Vendor and vendee.</p> <p>Under the proviso of the Act of March 22, 1877, P. L. 16, relating to tax sales in cities of the second élass, the taxes duo must aggregate at least $20.00 before the property can be levied upon and sold, but property may be sold under a lien for less than $20.00, when the aggregate of taxes against it exceeds that sum.</p> <p>Assignment for creditors—Resulting trust in assignor— Vendor and vendee.</p> <p>In all cases where an assignment is made by an insolvent for the benefit of his creditors there is a resulting trust in favor of the assignor, and if the debts of the assignor are actually paid, or if there is a presumption of payment by reason of the lapse of time, the assignor is entitled to the possession of the assigned property remaining undisposed of by the assignee, and a formal reconveyance to the assignor is not necessary.</p>