Gilman v. Curtis

Citations

• 66 Cal. 116
• 4 P. 1094
• 1884 Cal. LEXIS 706

Syllabus

<p>Life Insurance Policy—Assignment as Collateral Security—Rights of Assignee.—An assignment of a policy of life insurance as security for advances made and to be made by the assignee, vests the legal title to the policy in him. The remaining interest of the assignor is the right to receive what remains of the proceeds of the policy after the advances made by the assignee have been satisfied. Until such satisfaction, the assignee cannot be compelled to surrender the policy.</p> <p>Findings—Several findings on special issues held indefinite, uncertain, and inconsistent.</p>