Joseph v. L. Levi & Co.

Citations

• 58 Miss. 843

Syllabus

<p>1. Sbaudui/ent Conveyance. Deed of trust on stock of goods.-</p> <p>A deed of trust on a stock of goods, which provides for the retention of possession by the grantor, with power to sell and replenish the goods in the usual course of his business, is upon its face fraudulent and void as to his creditors ; and such effect cannot be avoided by a stipulation in the deed for monthly accounts to be rendered to the trustee, and for payment to him of the money received, to be applied, under his direction, to the payment of the curren t expenses of the business and in making purchases to replenish the slock.</p> <p>2. Attachment. Gh-ound therefor. Fraudulent conveyance.</p> <p>The execution by a debtor of a deed of trust upon his property, which is per se fraudulent as to his creditors, is a good ground for attachment.</p>