Legal Opinion
In re Gannon
District Court, S.D. New York
Decided April 19, 1917PublishedCited by 1 opinion
In the matter of John J. Gannon, bankrupt. On petition to review an order of the referee to compel the surrender by the bankrupt of a life insurance policy, or in the alternative to pay the alleged cash surrender value to the trustee.
1Opinion of the Court
MAYER, District Judge.
The bankrupt- held a policy of life insurance in the Prudential Insurance Company of America called a “special industrial policy.”
The company, by the terms of the policy, “promises to pay * * * unto the executors, administrators or assigns” of the insured the sum of $500, but the policy “is issued and accepted subject to the following restrictions, conditions and agreements. * * * ”
“Second. The company may pay tile sum of money insured hereby, to any relative by blood, or connection by marriage of the insured, or to any other person appearing to said company to be…
2Cases cited5 opinions
- Holden v. StrattonSupreme Court of the United States · 1905
- Hiscock v. MertensSupreme Court of the United States · 1907
- In re L. Hammel & Co.Court of Appeals for the Second Circuit · 1915
- Milkman v. ArtheCourt of Appeals for the Second Circuit · 1915
- In re ArkinCourt of Appeals for the Second Circuit · 1916