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PARRAMORE v. WILLIAMS

20479, 20480.

215 Ga. 179 (1959)

109 S.E.2d 745

PARRAMORE v. WILLIAMS, Receiver, et al. PARRAMORE v. WILLIAMS, Receiver, et al.

Supreme Court of Georgia.

Decided June 5, 1959.

Rehearing Denied July 8, 1959.

Attorney(s) appearing for the Case

Tillman & Brice, for plaintiffs in error.

Eberhardt, Franklin, Barham & Coleman, H. C. Eberhardt, C. J. Taylor, W. W. Rehberg, R. E. Bradford, H. B. Edwards, Jr., B. Lamar Tillman, Ben F. Johnson, Jr., Deputy Assistant Attorney-General, contra.

HEAD, Justice.

1. A policy of life insurance is a chose in action and may be assigned by the insured as security for a debt, under Code §§ 28-301, 56-903, and 85-1803, and generally the effect of such an assignment is to vest legal title to the policy in the assignee to the amount of the debt secured. Exchange Bank of Macon v. Loh, 104 Ga. 446 (31 S. E. 459); Morris v. Georgia Loan, Savings...

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