U.S. Supreme Court
Insurance Company, 102 U.S. 545 (1880)
102 U.S. 545
Where a deed of trust of lands to secure a promissory note was released by the trustee without the surrender or payment of the note or the express authority of the holder thereof, a subsequent purchaser with notice takes them subject to the equitable rights of such holder.
The facts are stated in the opinion of the Court.