Legal Opinion
Meyer v. United States
Supreme Court of the United States
Decided December 16, 1963No. 61PublishedCited by 177 opinions
1Opinion of the CourtJustice Clark
The ultimate issue in this case is the applicability of the doctrine of marshaling of assets. The Government urges that it be applied to effect the collection of its junior income tax lien on the cash surrender value of certain life insurance policies. The senior lien is secured by the entire proceeds of the policies and absorbs practically all of their cash surrender value. The proceeds of the policies are exempt from levy by creditors of the insured under state law.
In 1943 the deceased, Peter Meyer, pledged his insurance policies to a bank as collateral security for a loan, giving the bank…
2Cases cited21 opinions
- Aquilino v. United StatesSupreme Court of the United States · 1960
- United States v. City of New BritainSupreme Court of the United States · 1954
- United States v. BessSupreme Court of the United States · 1958
- Commissioner v. SternSupreme Court of the United States · 1958
- Lockwood v. Exchange BankSupreme Court of the United States · 1903
16 more not listed; retrieve them via the Exa API.
3Cited by177 opinions
- United States v. Cornelius W. SullivanCourt of Appeals for the Third Circuit · 1964
- In Re Jack Green's Fashions For Men Big And Tall, Inc.Court of Appeals for the Eighth Circuit · 1979
- Fundex Capital Corp. v. Balaber-Strauss (In Re Tampa Chain Co.)United States Bankruptcy Court, S.D. New York · 1985
- Kittay v. Atlantic Bank (In Re Global Service Group LLC)United States Bankruptcy Court, S.D. New York · 2004
- Farmers & Merchants Bank v. GibsonUnited States Bankruptcy Court, N.D. Florida · 1980
172 more not listed; retrieve them via the Exa API.