Planters' National Bank v. Lawrence County Bank

We think the decision of the chancellor was wrong*. He evidently proceeded upon the theory that the instrument copied in our statement of facts did not amount to an assignment of a right of action on the policy. This court has held that the right of action on an insurance policy is assignable under orir statute, and that a clause in the policy against assignment without consent of the company applies only to assignments during the lifetime of the policy, and not to an assignment of liability which has already accrued under the policy. McBride v. Ætna Life Insurance Co., 126 Ark. 528, 191 S.…