proceeds receivable by the executor

proceeds receivable by the executor
Funds in the hands of the executor where he is named as beneficiary, where the proceeds are subject to estate obligations, or where there is a legal obligation on the part of the executor to use them for the benefit of the estate. Anno: 80 L Ed 174, s. 85 L Ed 1012, 1013.

Ballentine's law dictionary. . 1998.

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