Provident Relief Ass'n v. Vernon

MARTIN, Chief Justice.

This is an appeal from an order of the lower court appointing receivers pendente lite for certain assets of the Provident Relief Association, a corporation.

The order in question was based upon the pleadings and exhibits. It appears that the Provident Relief Association is a corporation organized under the laws of the District of Columbia, as a life, health, and accident insurance company, with a capital stock of $25,-000, consisting of 1,000 shares, of $25 each. Of these shares, 498 are held by the National Savings & Trust Company, a defendant below, as administrator de…