Jackson v. Tallmadge

Cardozo, Ch. J.

The action is by a judgment creditor to set aside a transfer in fraud of creditors.

Carl E. Tallmadge, a resident of North Dakota, insurehis life in the sum of $25,000 for the benefit of Ruby H. Tallmadge, his wife, the policy being issued by a South Dakota insurance company. Both husband and wife became insolvent, and were threatened with prosecution, civil and criminal. At the same time the husband became critically ill. On February 3, 1923, the wife, then in North Dakota, mailed an assignment of the policy to her brother, the defendant Halsey, in Rochester, New York,…