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OLIVER v. NORTHWESTERN MUT. LIFE INS. CO.

No. 5012.

66 F.2d 560 (1933)

OLIVER v. NORTHWESTERN MUT. LIFE INS. CO.

Circuit Court of Appeals, Third Circuit.

August 3, 1933.

Attorney(s) appearing for the Case

A. E. Kountz and C. A. Fry, both of Pittsburgh, Pa., for appellant.

Maynard Teall, P. K. Motheral, and Reed, Smith, Shaw & McClay, all of Pittsburgh, Pa., for appellee.

Before BUFFINGTON, WOOLLEY, and THOMPSON, Circuit Judges.

BUFFINGTON, Circuit Judge.

In this case it appears the defendant insured the lives of officers of a solvent family corporation. With the knowledge and consent of its stockholders, the premiums on these policies were paid for a number of years by the company as part compensation for the services of its insured officers. No debts of present creditors of the company existed during these transactions. Subsequently the company...

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