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NEW YORK LIFE INSURANCE COMPANY v. LEE

No. 14624.

232 F.2d 811 (1956)

NEW YORK LIFE INSURANCE COMPANY, a corporation, Appellant, v. Arthur L. LEE and Florence Grusenmeyer, formerly Florence Lee, Appellees.

United States Court of Appeals Ninth Circuit.

April 11, 1956.

Attorney(s) appearing for the Case

Davis, Jensen, Martin & Robertson, Theodore B. Jensen, Roland Davis, Portland, Or., for appellant.

Elton Watkins, C. X. Bollenback, Portland, Or., Richard C. O'Connor, San Francisco, Cal., for appellees.

Before STEPHENS, HEALY and POPE, Circuit Judges.

POPE, Circuit Judge.

This case arose upon a complaint in interpleader brought by appellant New York Life Insurance Company against alleged adverse claimants to insurance policy proceeds.

In 1915 that company issued an insurance policy upon the life of the appellee, Arthur L. Lee. On December 1, 1952, the policy was still in effect and had a cash surrender value of $1711.25. Lee then demanded payment of that sum and offered to surrender the policy. The company...

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