U.S. Supreme Court
Bank of Minden v. Clement, 256 U.S. 126 (1921)
Bank of Minden v. Clement
Submitted March 21, 1921
Decided April 11, 1921
256 U.S. 126
1. A life insurance policy payable to the executors, administrators, or assigns of the insured is his property and subject to the claims of his creditors. P. 256 U. S. 128.
2. A state law exempting policies so payable and their avails from the debts of the insured is invalid under Art. I, § 10, of the Constitution, as applied to his debt under a promissory note antedating the law and to policies also antedating it though later than the note. P. 256 U. S. 129. Sturges v. Crowninshield, 4 Wheat. 122.
146 La. 385 reversed. chanroblesvirtualawlibrary
The case is stated in the opinion.