A TESTATOR'S DEBTS
SUPREME COURT RULING REGARDING LIFE INSURANCE Wellington, Monday. The proceeds of h liffe insurance poiicy taken out with a company with its head office in Scotlari'd and not cahrying on business in New Zealand are available for the payment of a testator's debts even though the proceeds of the polieies of certain companies operating. in kew Zealand are protected. .This was the opinion expressed by Mr. Justice Ostler in the course of a reserved judgment given in the Supreme Couit to-day. . . • The case is one in which an origmating summons has been taken out by tbe Public Ti'tistfee acting as administrator in tbe estate of George Douglas Lyan, farmer, deceased, of Murchison, to prove whether. Section 65 of the Life Insurance Act will apply to the poiicy which was trikeh out with the Scottish Widows' Fund aiid Life Assurance Society. ■
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19330801.2.43
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 598, 1 August 1933, Page 5
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143A TESTATOR'S DEBTS Rotorua Morning Post, Volume 2, Issue 598, 1 August 1933, Page 5
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