Legal Opinion
In re Neumaier
District Court, S.D. New York
Decided March 19, 1935PublishedCited by 1 opinion
1Opinion of the Court
PATTERSON, District Judge.
The bankrupt had taken out insurance policies on his life payable to his wife, with reserved power to change the beneficiary. The policies had a cash surrender value of $1,500. New York has a statute, effective March 31, 1927, to the effect that such policies are exempt from claims of the insured’s creditors. Insurance Law (Consol. Laws, c. 28) § 55-a. The bankrupt had a number of creditors whose claims antedated March 31, 1927. These claims totaled more than $1,500. Because of the existence of such claims, the trustee in bankruptcy brought a proceeding to obtain the…
2Cases cited8 opinions
- Lockwood v. Exchange BankSupreme Court of the United States · 1903
- Moore v. BaySupreme Court of the United States · 1931
- In Re MessingerCourt of Appeals for the Second Circuit · 1928
- Addiss v. SeligNew York Court of Appeals · 1934
- Wilson v. McLaneSupreme Court of the United States · 1929
3 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re DixonDistrict Court, S.D. Georgia · 1943