Massachusetts Supreme Judicial Court January 31, 1964 (Merchants National Bank v. New York Life Insurance)

Cutter, J.

The insurance company (New York), through a California office, in April, 1959, issued to a resident of California an insurance policy on his life. The policy was assigned to the bank on May 15,1959. The insured died on November 8,1959. The bank brings this action to recover the face amount of the policy.