Legal Opinion
Albert F. Jordan v. Acacia Mutual Life Insurance Co., Karl W. Corby
Court of Appeals for the D.C. Circuit
Decided June 16, 1969No. 22139_1PublishedCited by 6 opinions
1Opinion of the Court
FAHY, Senior Circuit Judge:
It is provided in 35 D.C.Code § 530 (1967), set forth in the margin, 1 that no director or officer of any insurance company doing business in the District shall receive any money or valuable thing for negotiating any loan from the company or be pecuniarily interested in any such loan. The one exception 2 is that a life insurance company may make a loan to a director upon a policy he holds in the company, in an amount not in excess of the net value of the policy.
In 1962 appellee Acacia, a life insurance company doing business in the District, made a loan of $288,000…
2Cases cited14 opinions
- Udall v. TallmanSupreme Court of the United States · 1965
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
- Johnson v. Southern Pacific Co.Supreme Court of the United States · 1904
- Federal Trade Commission v. Mandel Bros.Supreme Court of the United States · 1959
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3Cited by6 opinions
- McIntosh v. WashingtonDistrict of Columbia Court of Appeals · 1978
- United Shoe Workers of America, Afl-Cio v. Catherine Bedell, ChairmanCourt of Appeals for the D.C. Circuit · 1974
- Glazer v. Com'n on Ethics for Pub. EmployeesSupreme Court of Louisiana · 1983
- John H. Stewart v. The Travelers CorporationCourt of Appeals for the Ninth Circuit · 1974
- Munsey v. MortonCourt of Appeals for the D.C. Circuit · 1974
1 more not listed; retrieve them via the Exa API.