PATTERSON, District Judge.
The question in this case is the trustee's rights in an insurance policy held by the bankrupt.
In 1919 the bankrupt took out a $2,000 twenty-year endowment policy of the Equitable Life Assurance Society. Since 1927 the beneficiary has been the bankrupt's executors, administrators, or assigns. Default in the payment of premiums occurred on April 23, 1933, some seven months before bankruptcy on November 25, 1933. At the time of default...
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