Westminster Savings Bank v. Sauble

The issue in this interpleader proceedings is whether an assignment which Jesse W. Shipley made of a remainder ■interest on March 31, 1939, to his daughters, Eulalia D. Shipley Sauble and Beatrice Shipley Myers, is void as against the Westminster Savings Bank, his creditor.

On April 1, 1939, the bank sold Shipley’s mortgaged real estate under foreclosure, and in July recovered a deficiency judgment against him for the sum of $1,976.92. In January, 1943, after the life tenant’s death, the bank attached the remainder-man’s share of $2,331.30 in the hands of Ivan L. Hoff, executor. Upon receiving…