(Download) "Proctor v. Macclaskey" by Supreme Court of Minnesota * eBook PDF Kindle ePub Free
eBook details
- Title: Proctor v. Macclaskey
- Author : Supreme Court of Minnesota
- Release Date : January 29, 1932
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
WAIT, J. The defendants husband at his death was president, treasurer, general manager and majority stockholder of Phoenix Bond & Mortgage Company, a corporation engaged in the business of a broker. He died December 14, 1930. He took out policies of life insurance in 1912, 1918, 1923, 1926, and 1929, of which she was the beneficiary. In the course of 1929 and 1930 he caused the corporation to pay premiums upon these policies in a total sum of $2,599.05. Since his death the defendant has received from the insurance companies $68,469.08 upon the policies. From September, 1929, to and including July, 1930, the husband caused the corporation to pay in each month except June $210, and in October, 1930, $60, in all $2,160, for notes given by him in payment for an automobile, title to which was taken by the defendant in whose name, as owner, it was registered. In May, June, July and October, 1930, the defendant received from the corporation at various times a total of $1,900. The corporation at the times of all the foregoing payments was insolvent; and it received no consideration for them.