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BANK OF LYONS v. SCHULTZ

Gen. No. 53,194.

109 Ill. App.2d 453 (1969)

248 N.E.2d 812

Bank of Lyons, an Illinois Banking Corporation, Plaintiff, v. Alvin A. Schultz, Mary Schultz, Chicago City Bank and Trust Company, Individually and as Trustee Under Trust 5565 and 5596, et al., Defendants, Occidental Life Insurance Company, Defendant-Appellee, Mary Schultz, Defendant-Appellant.

Appellate Court of Illinois — First District, First Division.

April 21, 1969.

Attorney(s) appearing for the Case

Edward J. Barrett, of Chicago, for appellant.

Peterson, Lowry, Rall, Barber & Ross, of Chicago (Owen Rall and Peter M. Sfikas, of counsel), for appellee.

MR. JUSTICE BURMAN delivered the opinion of the court.

The defendant, Mary Schultz, appeals from a Decree approving the Master's Report in favor of defendant, Occidental Life Insurance Company (hereinafter referred to as Occidental), and against the defendant, Mary Schultz. The Master's Report recited that a certain life insurance policy in the amount of $25,000 and written by Occidental on the life of Alvin A. Schultz, the deceased, had lapsed without value prior...

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