COHEN V. SAMUELS, 245 U. S. 50 (1917)
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U.S. Supreme Court
Cohen v. Samuels, 245 U.S. 50 (1917)
Cohen v. Samuels
No. 359
Argued October 17, 1917
Decided November 5, 1917
245 U.S. 50
Syllabus
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.7d 6 reversed.
The case is stated in the opinion.