Bank of Minden v. Clement

Citations

• 256 U.S. 126
• 41 S. Ct. 408
• 65 L. Ed. 857
• 1921 U.S. LEXIS 1699

Syllabus

<p>1. A life insurance policy payable to the executors, administrators or 'assigns.of the insured is his property and subject to the claims of his creditors.. P. 128.</p> <p>2. A state law exempting policies so payable and their avails from the debts of the insured is invalid under Art. I, § 10, of the Constitution, as applied to his debt under a promissory note antedating the law and to policies also antedating it though later than the note. P. 129. Sturges v. Crowninshield, 4 Wheat. 122.</p> <p>346 Louisiana, 385, reversed.</p>