ERNEST F. COCHRAN, District Judge.
The bankrupt had certain policies whereby his life was insured for the benefit of his wife. The policies reserved to the insured the right to change the beneficiary, and this power had not been exercised when bankruptcy proceedings were instituted. The policies had a cash surrender value of $836.25 when bankruptcy intervened, and the bankrupt had not availed himself of the privilege to surrender the policies and collect the cash...
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