First National Bank v. White
Supreme Court of New Jersey
On appeal from an order advised by Vice-Chancellor Reed, who filed the following conclusions: The amount of a policy upon the life of a deceased husband written in favor of his wife, was paid to her, and by her deposited in bank. A creditor of the husband, claiming that the husband paid the premiums on said policy in fraud of his creditors, seeks to enjoin the payment by the bank of the money to the wife.
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On appeal from an order advised by Vice-Chancellor Reed, who filed the following conclusions: The amount of a policy upon the life of a deceased husband written in favor of his wife, was paid to her, and by her deposited in bank. A creditor of the husband, claiming that the husband paid the premiums on said policy in fraud of his creditors, seeks to enjoin the payment by the bank of the money to the wife. Defendant insists that payment should not be restrained; or, if restrained, the restraint should only cover an amount equal to the premiums paid by the husband and not the amount realized…
1Per curiam
The order appealed from will be affirmed, for the reasons given by Vice-Chancellor Reed, upon whose advice the order was made.
*488For affirmance — The Chancellor, Chibe-Justice, Van Syckel, Dixon, Garrison, Lippinoott, Gummere, Ludlow, Bogert, Hendrickson, Adams, Vredbnburgh, Voorhees — 13.
For reversal — None.
2Cited by3 opinions
- First State Bank v. LangMontana Supreme Court · 1918
- Goren v. LoebNew Jersey Court of Chancery · 1938
- Wolfe v. KelleyWest Virginia Supreme Court · 1937