Magnuson v. Wagner

SANBORN, Circuit Judge.

Peter D. Magnuson was adjudged a bankrupt by the United States District Court of South Dakota October 8, 1920, on a petition filed June 2, 1920. At the time that petition was filed he had three policies of life insurance, the beneficiary in each of which was his wife, and under the terms of each of these policies he had the right to change the beneficiary. These policies were,- one issued by the Mutual Life Insurance Company of New York for $3,000, one issued by the! Prudential Life Insurance Company for $2,000, and one issued by the Northwestern Mutual Life Insurance…