Fidelity Coal Co. v. Diamond

On October 11, 1937, plaintiff recovered" a judgment in the municipal' court of Chicago against defendant Alfred Diamond in the sum of $149.37. Execution was returned, “no property found and no part satisfied.” On July 24, 1939, plaintiff filed its amended complaint in chancery seeking to satisfy the judgment, that was still unpaid, by reaching the cash surrender value of a certain life insurance policy issued March 21, 1934, upon the life of defendant Alfred Diamond by defendant Mutual Life Insurance Company of New York. The policy contains a provision to pay death benefits in the amount of…