Bassett v. Parsons

This action was brought on April 13, 1880. A special precept of attachment was issued on November 7, 1884, and the Continental Life Insurance Company was summoned as trustee. At both dates, there was a policy outstanding on the life of the defendant, by the terms of which the sum insured had become absolutely payable to him on November 1, 1884, just before the service of the trustee process. After the bringing of the suit, and before the service of the trustee process, the defendant had gone into insolvency, and an assignee had been appointed, who appears as claimant of the fund. The…