Bank of Minden v. Clement - 256 U.S. 126 (1921)
U.S. Supreme Court
Bank of Minden v. Clement, 256 U.S. 126 (1921)
Bank of Minden v. Clement
Submitted March 21, 1921
Decided April 11, 1921
256 U.S. 126
1. A life insurance policy payable to the executors, administrators, or assigns of the insured is his property and subject to the claims of his creditors. P. 256 U. S. 128.
2. A state law exempting policies so payable and their avails from the debts of the insured is invalid under Art. I, § 10, of the Constitution, as applied to his debt under a promissory note antedating the law and to policies also antedating it though later than the note. P. 256 U. S. 129. Sturges v. Crowninshield, 4 Wheat. 122.
146 La. 385 reversed.
The case is stated in the opinion.