Leslie V. French in Europe
Definition of Leslie V. French
(23 Ch. D. 552.) A stranger or a part owner of a policy of life insurance cannot acquire a lien on the proceeds of the policy for premiums paid by him, except (1) by contract, (2) as trustee, (3) as mortgagee, (4) by subrogation.
A widow after effecting a policy on her own life for 5,000 married Leslie and handed over the policy. Subsequently Leslie covenanted to pay 6,000 on the death of his wife to trustees of his daughter’s marriage settlements and assigned the policy to the trustees as security and covenanted to pay the premiums during the life of his wife. Leslie, and later his executors, paid the premiums. Held, that his estate was not entitled to a lien on the policy for the premiums so paid
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Definition of Leslie V. French is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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