Home Security Life Insurance Company v. McDonald

BOBBITT, Chief Justice.

The Bankruptcy Act § 70(a), 11 U.S.C.A. § 110(a), in part provides: “The trustee of the estate of a bankrupt . . . upon his . . . appointment and qualification, shall ... be vested by operation of law with the title of the bankrupt as of the date of the filing of the petition . . ., except insofar as it is to property which is held to be exempt, to all of the following kinds of property ... (3) powers which he might have exercised for his own benefit, but not those which he might have exercised solely for some other person ... (5) property, including rights of action,…