In re Solomons
District Court, S.D. New York
1Opinion of the Court
CAFFEY, District Judge.
By the terms of section 55-a of the New York Insurance Law (Laws 1927, c. 468, Consol. Laws N. Y. c. 28), the right of exemption of the policies on the life of the bankrupt is vested in the beneficiary. The record is rather scanty. It does not contain the policies or recite their substance. As I understand, however, all are payable to the wife of the bankrupt, and nono to “himself, his estate, or personal representatives.” For that reason, the proviso in Bankruptcy Act section 70a (5), 11 USCA § 110 (a) (5), seems to me to have, no bearing on the controversy now under…
2Cases cited23 opinions
- Whitney v. DresserSupreme Court of the United States · 1906
- Cohen v. SamuelsSupreme Court of the United States · 1917
- La Tourette v. McMasterSupreme Court of the United States · 1919
- Bank of Minden v. ClementSupreme Court of the United States · 1921
- In Re MessingerCourt of Appeals for the Second Circuit · 1928
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