Ella A. Sabin, Appellant v. Andrew S. Phinney, Impleaded

Summary

The Court affirmed the lower court's judgment in favor of the respondent. It held that, under the statute and the corporation's bylaws, a member may change the beneficiary of his certificate to any person, including a stranger lacking an insurable interest, and that the plaintiff, as the original beneficiary, did not acquire a vested right that could not be altered without her consent.