Cohen v. Samuels

Citations

• 245 U.S. 50
• 38 S. Ct. 36
• 62 L. Ed. 143
• 1917 U.S. LEXIS 1786

Syllabus

<p>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. ■</p>