Citizens' Bank v. Moore
Supreme Court of Arkansas
Appeal from Jefferson 'Chancery Court; Jno. M. Elliott, Chancellor; 1. An equitable assignment of the policy was made by Moore in his lifetime, and appellant is entitled to the proceeds of the policy. 29 N. E. 33, 129 N. Y. 140; 8 Eed. 540; 53 S. W. 181; 32 Id. 958; 59 Id. 192; 30 So. 742; 97 N. Y. S. 86; 31 Id. 202. 2. The provision in the policy requiring the written consent of the issuing company was for its own benefit, and can not be availed of by a third person. 53…
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Appeal from Jefferson 'Chancery Court; Jno. M. Elliott, Chancellor; 1. An equitable assignment of the policy was made by Moore in his lifetime, and appellant is entitled to the proceeds of the policy. 29 N. E. 33, 129 N. Y. 140; 8 Eed. 540; 53 S. W. 181; 32 Id. 958; 59 Id. 192; 30 So. 742; 97 N. Y. S. 86; 31 Id. 202. 2. The provision in the policy requiring the written consent of the issuing company was for its own benefit, and can not be availed of by a third person. 53 Ark. 255. The Equitable Company made no objection. 56 Id. 63. 3. The policy was assignable and the debt was not barred by…
1Opinion of the CourtHumphreys, J.
Appellant instituted suit against the Equitable Life Assurance Society and A. H. Proctor as administrator of the estate of J. C. Moore, deceased, to recover the benefits under a life insurance policy issued by said insurance company on the 24th day of June, 1912, upon the life of the said J. C. Moore. Appellant alleged that it was entitled to the benefits under said policy in the sum of $1,000 by virtue of a transfer of said policy to it to secure the payment of a large indebtedness which the said J. C. Moore owed it.
The Equitable Life Assurance Society filed answer and cross-bill admitting…
2Cases cited1 opinion
- Embry's Administrators v. HarrisCourt of Appeals of Kentucky · 1899
3Cited by5 opinions
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- Munn v. RobisonCourt of Appeals for the Eighth Circuit · 1953
- Spruill v. Reserve Loan Life Ins.District Court, N.D. Oklahoma · 1938