Doggett v. North American Life Insurance

Additional Opinion Upon Petition por Behearing.

Bespondents have filed a petition for rehearing in which they contend that “the provisions of the Business Corporation Act do not apply to an insurance corporation”; that “the provisions of the Business Corporation Act, including section 45 thereof, are not applicable to insurance corporations because of section 156 of the Business Corporation Act (Ill. Rev. Stat. 1943, Chap. 32, par. 157.156 [Jones Ill. Stats. Ann. 32.160]), which is as follows: ‘The provisions of this Act shall apply to all existing corporations, including public utility…