People v. Lawyers Title Corp.

The defendant was incorporated in 1933 under authority of former section 170 of the Insurance Law (Cons. Laws, ch. 28). In the words of the statute, the purposes and objects for which it was formed, so far as material here, are stated in its charter to be “ to examine titles to real property and chattels real, procure and furnish information in relation thereto, make and guarantee the correctness of searches for all instruments, liens or charges affecting the same, guarantee or insure the owners of real property and chattels real and others interested therein against loss by reason of…