Cohen v. Samuels, 245 U.S. 50 (1917)

Please note: this case begins in mid-page. It therefore shares a citation with the last page of the previous case. If you are attempting to follow a link to the last page of 245 U.S. 48, click here.

Cohen v. Samuels


No. 359


Argued October 17, 1917
Decided November 5, 1917
245 U.S. 50

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT

Syllabus

A policy of insurance held by a bankrupt, which has a cash surrender value at the time of the adjudication, becomes an asset, to the extent of such value, in the trustee, under 70-a of the Bankruptcy Act, even when the policy is payable to a beneficiary other than the bankrupt, his estate, or personal representatives, if the bankrupt has reserved absolute power to change the beneficiary.

237 F. 796 reversed.

The case is stated in the opinion.