Personal property has no locality, but is subject to the law which governs the person of the owner, except in cases which directly militate against the particular laws of the country in which it happens to be located.” Saunders v. Williams, 5 N. H. 213, 214. “The general rule is that a transfer of personal property, which is valid by the law of the owner’s domicil, will operate to convey the property wherever it may be situate.” Sanderson v. Bradford, 10 N. H. 260, 263. “In the absence of ancillary administration or statutory prohibition, the domiciliary administrator or executor has authority to take possession of and remove the goods or effects of the decedent in another jurisdiction, or to collect a debt due from a debtor residing therein, if voluntarily given up or paid, and give a good acquittance and discharge there- for. So, too, he may sell and assign stock in a foreign corporation; and the corporation may voluntarily consent to its trans- fer by accepting the outstanding certificate, and issuing a new one to the purchaser.” Luce v. Manchester & L. Railroad, 63 N. H. 588, 590. “It has long been the policy of commercial states not to embarrass the free transmission of the title to personal property. And it has been very justly considered as díscourteous and illiberal policy in one state to abridge and fetter the operation of foreign contracts within its limits, or to refuse to en- force them by suits maintained in its courts, or to embarrass foreign owners of personal estate within its limits, in the free enjoyment of its beneficial use, or its ready and unrestricted conveyance. In the law, personalty is generally regarded as having no situs. Its title, mode of transfer, and other incidents connected with its use and transmission, are regulated according to the law of the place of the domicil of the owner. This is confessedly true in regard to the requisite formalities in the execution of a will of personalty, although essentially departing from the requirements of the law of the state, where such property happens to be situated at the time of the decease of the owner. It is the law of the place of the domicil of the owner which must control these incidents as to the operation of wills upon personal estate, and also the distribution of intestate. estates, according to the general rules of international comity among civilized and commercial states. But it is claimed that, in regard to the distribution of one’s effects (while living) among his creditors, a different rule, to some extent, has prevailed.” Hanford v. Paine, 32 Vt. 442, 452, 25 L. R. A.

454, 78 Am. Dec. 586. “It is said that the laws of a state or country do not have any extraterritorial operation suorigore, but that such operation is only granted ercomitate. This is the common language of the opinions, but it is an extremely unsatisfactory ground on which to place a decision, for the fact is that the laws of one state or country, are recognized by other states and countries continually, and in many different ways; and in cases in which it is stated on the principles of that branch of jurisprudence known as Private International Law, or the Conflict of Laws, that foreign law should apply, such law is applied as a matter of course by the courts without the exercise of any vague or irresponsible discretion. In regard to rights under contracts, the law of the place of the contract governs, although the law of the forum controls in all questions as to the remedy. So also, it is a settled rule, with regard to succession to personal property by will or intestacy, that the law of the domicil shall govern, even as to property in a foreign jurisdiction.
We therefore feel justified in saying that it is not generally a safe reason to assign for the decision of any of these questions that foreign laws have no extraterritorial operation.” 15 Am. L. Rev. 254, 255.
A general rule that a transfer of personal property, which is valid by the law of the owner’s domicil, will convey the property wherever situate, may clash with a general rule that law has no extraterritorial operation. It seems to be immaterial which is called the rule, and which the exception. The property in controversy in this case should be applied to the payment of debts under the insolvency laws of Massachusetts, unless this disposition of it would infringe the right of a citizen of this state. If the Bank of Redemption had not gone through the form of selling its notes to the plaintiff, and brought suit upon them in this state, and attached the debtors’ chattels and land, the land, as well as the chattels, might be- come assets in the hands of the Massachusetts assignees, notwithstanding the attachment; and, as between the bank and the assignees, the justice of the case and the law of this state would require such procedure as would enable the assignees to apply the attached property to the payment of debts under the law of Massachusetts. Eddy v. Winchester, 60 N. H. 63, 64. Our law does not unnecessarily allow its process to be used by a

In regard to rights under contracts, the law of the place of the contract governs, although the law of the forum controls in all questions as to the remedy. So also, it is a settled rule, with regard to succession to personal property by will or intestacy, that the law of the domicil shall govern, even as to property in a foreign jurisdiction.
We therefore feel justified in saying that it is not generally a safe reason to assign for the decision of any of these questions that foreign laws have no extraterritorial operation. 15 Am. L. Rev. 254, 255.
A general rule that a transfer of personal property, which is valid by the law of the owner’s domicil, will convey the property wherever situate, may clash with a general rule that law has no extraterritorial operation. It seems to be immaterial which is called the rule, and which the exception. The property in controversy in this case should be applied to the payment of debts under the insolvency laws of Massachusetts, unless this disposition of it would infringe the right of a citizen of this state. If the Bank of Redemption had not gone through the form of selling its notes to the plaintiff, and brought suit upon them in this state, and attached the debtors’ chattels and land, the land, as well as the chattels, might be- come assets in the hands of the Massachusetts assignees, notwithstanding the attachment; and, as between the bank and the assignees, the justice of the case and the law of this state would require such procedure as would enable the assignees to apply the attached property to the payment of debts under the law of Massachusetts. Eddy v. Winchester, 60 N. H. 63, 64. Our law does not unnecessarily allow its process to be used by a Massachusetts creditor to avoid the just operation of the insolvency law of that state. The view of the agreed facts most favorable to the plaintiff is that the transaction be.” tween him and the bank is what it appears to be on the face of the writings. Upon that view, the plaintiff will make a profit of about $1,000, if he prevails in this suit, and will lose nothing if he fails. If he prevails, the bank will get or keep $8,000, less expenses of suits, which it is to pay in any event. The guaranty given him by the bank makes the bank the principal plaintiff in interest. The practical effect of the whole transaction is the use of the plaintiff’s name in New Hampshire litigation, instituted and

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