Summary

Charles Evans Hughes Worthen Company v. Thomas — Opinion of the Court

We were unable then, as we are now, to concur in the view that an emergency can ever justify, or, what is really the same thing, can ever furnish an occasion for justifying, a nullification of the constitutional restriction upon state power in respect of the impairment of contractual obligations. Acceptance of such a view takes us beyond the fixed and secure boundaries of the fundamental law into a precarious fringe of extraconstitutional territory in which no real boundaries exist.
Source: Wikisource

Charles Evans Hughes Worthen Company v. Thomas — Opinion of the Court

There is no restriction with respect to particular circumstances or relations. 'All moneys paid or payable' to any resident of the State 'as the insured or beneficiary designated' under any life insurance policy, are exempted 'from liability or seizure under judicial process' and 'shall not be subjected to the payment of any debt.' The profits of a business, if invested in life insurance, may thus be withdrawn from the pursuit of creditors to whatever extent desired.
Source: Wikisource

Charles Evans Hughes Worthen Company v. Thomas — Opinion of the Court

Industry, talents, and integrity, constitute a fund which is as confidently trusted as property itself. Future acquisitions are, therefore, liable for contracts; and to release them from this liability impairs their obligation.' This principle was applied to an exemption of insurance moneys, in relation to antecedent debts, in Bank of Minden v. Clement, supra. The argument of appellee that a judgment is not in itself a contract within the constitutional protection, [5] and that it is competent for the State to alter or modify forms of remedies, is unavailing.
Source: Wikisource

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