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Valley National Bank of Arizona v. Hay

Court of Appeals of Arizona, Division One, Department A
Oct 5, 1970
13 Ariz. App. 180 (Ariz. Ct. App. 1970)

Opinion

No. 1 CA-CIV 1161.

October 5, 1970.

Appeal by judgment creditor from final order of the Superior Court, Maricopa County, Cause No. C-195938, Laurens L. Henderson, J., denying creditor's petition to hold judgment debtor in contempt of court and from order adjudging debtor to be trustee for benefit of her children of 24/64 interest in certain residential property. The Court of Appeals affirmed, 474 P.2d 46. In supplemental opinion on motion for rehearing, the Court of Appeals, Donofrio, P.J., held that resulting trust, in order to be enforceable against creditor, need not be recorded.

Judgment affirmed and motion for rehearing denied.

Snell Wilmer, by Warren E. Platt and Gary H. Fry, Phoenix, for appellant.

Charles C. Stidham, Phoenix, for appellee.

O'Connor, Cavanagh, Anderson, Westover, Killingsworth Beshears, by Wilbert G. Anderson, Phoenix, amicus curiae.


SUPPLEMENTAL OPINION


In our opinion filed September 8, 1970, 13 Ariz. App. 39, 474 P.2d 46, we stated:

"Although generally American courts construe recording laws as requiring and authorizing the recording of equitable as well as legal interests, 45 Am.Jur. Records and Recording Laws § 49 (1943), Arizona appears to have confined the operation of A.R.S. § 33-412 to legal interests in land. Luke v. Smith, 13 Ariz. 155, 108 P. 494 (1910); Jarvis v. Chanslor Lyon Co., 20 Ariz. 134, 177 P. 27 (1919). * * *"

Appellant has filed a motion for rehearing questioning the accuracy of the phrase, supra, that "Arizona appears to have confined the operation of A.R.S. § 33-412 to legal interests in land." The motion urges that under A.R.S. § 33-412 a resulting trust must be recorded in order to protect such equitable interest from a party in appellant's position. We do not take this view.

A motion for leave to intervene and for leave to file a memorandum as amicus curiae was also submitted to this Court. We granted this motion. The amicus curiae memorandum advances the position that our opinion is overly broad in its statement that Arizona appears to have confined the operation of A.R.S. § 33-412 to legal interests in land. We agree.

Our holding is limited to the facts with which we were presented. The opinion insofar as it relates to Arizona's recording laws should be read to hold only that a resulting trust, in order to be enforceable against a creditor, need not be recorded under the provisions of A.R.S. § 33-412.

The judgment is affirmed and the motion for rehearing denied.

STEVENS and CAMERON, JJ., concur.


Summaries of

Valley National Bank of Arizona v. Hay

Court of Appeals of Arizona, Division One, Department A
Oct 5, 1970
13 Ariz. App. 180 (Ariz. Ct. App. 1970)
Case details for

Valley National Bank of Arizona v. Hay

Case Details

Full title:The VALLEY NATIONAL BANK OF ARIZONA, a national banking association…

Court:Court of Appeals of Arizona, Division One, Department A

Date published: Oct 5, 1970

Citations

13 Ariz. App. 180 (Ariz. Ct. App. 1970)
475 P.2d 9

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