HISCOCK V. MERTENS, 205 U. S. 202 (1907)
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U.S. Supreme Court
Hiscock v. Mertens, 205 U.S. 202 (1907)
Hiscock v. Mertens
No. 209
Argued February 27, 1907
Decided March 25, 1907
205 U.S. 202
Syllabus
The provisions in § 70a of the Bankruptcy Act of 1898 that a bankrupt having policies of life insurance payable to himself and which have a cash surrender value may pay the trustee such value and thereafter hold the policies free from the claims of creditors are not confined to policies in which the cash surrender value is expressly stated, but permit the redemption by the bankrupt of policies having a cash surrender value by the concession or practice of the company issuing the same.
The facts are stated in the opinion.