Cohen v. Samuels - 245 U.S. 50 (1917)
U.S. Supreme Court
Cohen v. Samuels, 245 U.S. 50 (1917)
Cohen v. Samuels
Argued October 17, 1917
Decided November 5, 1917
245 U.S. 50
A policy of insurance held by a bankrupt, which has a cash surrender value at the time of the adjudication, becomes an asset, to the extent of such value, in the trustee, under 70-a of the Bankruptcy Act, even when the policy is payable to a beneficiary other than the bankrupt, his estate, or personal representatives, if the bankrupt has reserved absolute power to change the beneficiary.
237 F. 796 reversed.
The case is stated in the opinion.