PHILLIPS, Chief Judge.
This is an appeal by the First National Bank of Memphis from a judgment enforcing a federal tax lien. We affirm.
The relevant facts are not in dispute. In 1962, Thomas W. Shipp borrowed $10,000 from the Bank, securing the loan by a pledge of certain insurance policies on his life. In February 1963, involuntary bankruptcy proceedings were instituted against Shipp. Under authority of an order of the Referee in Bankruptcy the bank cashed...
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