Southern Surety Co. v. Globe National Fire Insurance

The detailed facts in the record are somewhat prolix and complicated, though in their final analysis they are reducible to a comparatively simple form. For our own convenience, we avail ourselves of the statement of facts contained in the brief of appellant.

“Prior to the month of January, 1921, the American Bonding & Casualty Company was a corporation engaged in the business of writing casualty and bond insurance in Sioux City, Iowa. It was organized under the laws of the state of Iowa. This company having become financially embarrassed, a temporary receiver was appointed therefor on January…