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High Court Wellington
12 October 1960; 29 March 1961
Turner J.
12 October 1960; 29 March 1961
Turner J.
Insurance — Life — Protected policy assigned to Bank with another asset as security for a debt — Later general assignment of estate for benefit of creditors — Application of doctrine of marshalling — Life Insurance Act 1908, s. 65 (1).
Insurance — Marshalling — Frotected life insurance policy assigned to Bank with another asset as security for a debt — Later general assignment of estate for benefit of creditors — Bank bound to marshal — Life Insurance Act 1908, s. 65 (1).