Moody v. State

This receivership suit was brought in 1972 by the State of Texas against Empire Life Insurance Company of America [hereinafter Empire], Shearn Moody, Jr. and James Wohlenhaus [petitioners here], and others. The State sought, among other things, the appointment of a temporary receiver to take possession of the insurance company’s Texas assets. Because-Empire was an Alabama corporation, the domiciliary receivership suit had been brought in an Alabama court; and the Texas suit was an ancillary proceeding. The courts of both Alabama and Texas appointed receivers to take control of Empire’s…