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INVESTORS OF NEVADA REALTY v. NEVADA STATE BANK

No. 13211.

639 P.2d 554 (1982)

INVESTORS OF NEVADA REALTY, INC., and Vera McCauley, Appellants, v. NEVADA STATE BANK as Executor of the Estate of Bobbie Skerce, Deceased, Respondent.

Supreme Court of Nevada.

Rehearing Denied April 9, 1982.

Attorney(s) appearing for the Case

L. Earl Hawley, Las Vegas, for appellants.

Scotty Gladstone, Las Vegas, for respondent.

OPINION

PER CURIAM:

The principal issue presented by this appeal from an order granting summary judgment is whether payment of a secured indebtedness with the proceeds of a credit life insurance policy inured to the benefit of the insured's estate or to an assuming purchaser of the property covered by the insurance. The district court held that payment inured to the benefit of the estate. We agree.

Bobbie Skerce purchased a mobile home. It was financed...

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