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IN RE SOLOMONS

No. 52181.

2 F.Supp. 572 (1932)

In re SOLOMONS.

District Court, S. D. New York.

Additional Opinion October 13, 1932.

Attorney(s) appearing for the Case

Milbank, Tweed, Hope & Webb, of New York City (A. Donald MacKinnon, of New York City, of counsel), for Chase National Bank.

Wilchins & Wilchins, of New York City (Saul Wilchins and Irving Lax, both of New York City, of counsel), for bankrupt.

Samuel Newfield, of New York City, for trustee Irving Trust Co.

CAFFEY, District Judge.

By the terms of section 55-a of the New York Insurance Law (Laws 1927, c. 468, Consol. Laws N. Y. c. 28), the right of exemption of the policies on the life of the bankrupt is vested in the beneficiary. The record is rather scanty. It does not contain the policies or recite their substance. As I understand, however, all are payable to the wife of the bankrupt, and none to "himself, his estate, or personal representatives." For that reason,...

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