Industrial Loan & Investment Co. v. Missouri State Life Insurance

This is an action in two counts to recover the cash surrender value of a life insurance policy issued to one Louis H. Mehaffie by defendant company. In the first count plaintiff claims as assignee of the purchaser at an execution sale of said policy. The levy and sale were based on a judgment and special execution in an attachment suit brought by this plaintiff against the said Mehaffie. In its second count plaintiff claims tó be the legal holder of said policy of insurance by reason of the fact that it acquired the same as a result of the policy being in its possession as a pledge or…