In the Matter of Marcel Jay Gould, Bankrupt. Marcel Jay Gould, Bankrupt v. H. A. Phillips, Trustee

INGRAHAM, Circuit Judge:

The narrow legal question in this appeal from a decision in bankruptcy is as follows: Does the incorporation by 11 U.S.C. § 24 of the law of the bankrupt’s domicile pertaining to exemptions exclude from the estate in bankruptcy the cash value of life insurance policies of which bankrupt is owner and a contingent beneficiary, but not the named insured. The facts are not in dispute. Bankrupt, a practicing physician, is domiciled in the State of Texas, and has resided in the State for more than six months. Among the assets he listed on his voluntary petition in bankruptcy…