May v. Rudell

This action was instituted by plaintiff, as receiver of the Rudell Lumber Company, a corporation (hereinafter referred to as the corporation), for the purpose of vacating and setting aside, first, certain releases by the corporation of its interest in a policy of life insurance upon the life of J. B. Rudell; second, the designation of defendant, Edna M. Rudell, as beneficiary thereunder; and, finally, for the purpose of procuring, for the benefit of the receivership estate, the proceeds and avails of such policy.

During the early part of the year 1925, J. B. Rudell and M. C. Hayden organized,…