Opinion
Gen. No. 43,053. (Abstract of Decision.)
Opinion filed January 8, 1945 Released for publication January 29, 1945
INSURANCE, § 188 — assignability of proceeds of life policy. Where life insurance policy provided that it might be assigned to any national bank, state bank or trust company, but an assignment to one other than the foregoing was void, provision was invalid, where, three days after death of insured, beneficiary assigned all of his interest in proceeds of policy to plaintiff, which was corporation engaged in making loans to undertakers for funerals conducted by them, and defendant insurance company was liable to plaintiff for proceeds of policy.
See Callaghan's Illinois Digest, same topic and section number.
Appeal from the Municipal Court of Chicago; the Hon. J.M. BRAUDE, Judge, presiding. Affirmed.
Heard in the first division, first district, this court at the April term, 1944.
Hoyne, O'Connor Rubinkam, for appellant;
Nathaniel Rubinkam and Melvin L. Gibbard, of counsel.
Victor H. Bloom, for appellee.
Not to be published in full. Opinion filed January 8, 1945; released for publication January 29, 1945.