Hiscock v. Mertens

Citations

• 205 U.S. 202
• 27 S. Ct. 488
• 51 L. Ed. 771
• 1907 U.S. LEXIS 1419

Syllabus

<p>The provisions in § 70a of the. bankruptcy act of 1898, that a bankrupt having policies of life insurance' payable to himself and which have a cash-surrender value, may pay the trustee such value and thereafter ■ hold the policies free from the claims of creditors, are not confined to policies'in which the cash surrender value is expressly stated, but permit ' the .redemption by the bankrupt of pplicies having a cash surrender value by the concession, or practice of the company issuing the same.</p>