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IN RE AMERICAN RANGE & FOUNDRY CO.

14 F.2d 308 (1926)

In re AMERICAN RANGE & FOUNDRY CO. MacLAREN v. MUTUAL LIFE INS. CO. OF NEW YORK et al.

District Court, D. Minnesota, Third Division.

July 21, 1926, as Amended September 9, 1926.

Attorney(s) appearing for the Case

Todd, Fosnes & Sterling, and Richard Converse, all of St. Paul, Minn., for plaintiff and for defendant Mercantile Trust Co.

Ambrose Tighe, of St. Paul, Minn., for Mutual Life Ins. Co. of New York.

Edward P. Kelly, of Minneapolis, Minn., for defendants C. W. Nye and Louis L. Collins.

Orin M. Oulman, of Minneapolis, Minn., for common stockholders of the American Range & Foundry Co.

SANBORN, District Judge.

On the 24th day of August, 1918, the life of C. W. Nye, vice president of the Minnesota Stove Company, was insured by the defendant Mutual Life Insurance Company of New York for $50,000, under six policies, in which the stove company was named as beneficiary. Under these policies the insured was without right to change the beneficiary. On October 30, 1920, five more policies of insurance were obtained from the same company upon the same life...

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