In re Minneapolis Mut. Fire Ins.
Supreme Court of Minnesota
Appeal by Albert M. Powell, M. E. Campbell, paid others, creditors of the Minneapolis Mutual Fire Insurance Company, (Insolvent,) from an order of the District Court, Hennepin County, Hicks, J., made September 14, 1891, allowing their claims conditionally and subject to other prior claims against the insolvent company. This Insurance Company was organized under Laws 1881, ch. 91, authorizing the formation of Millers’ & Manufacturers’ Mutual Insurance Companies.
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Appeal by Albert M. Powell, M. E. Campbell, paid others, creditors of the Minneapolis Mutual Fire Insurance Company, (Insolvent,) from an order of the District Court, Hennepin County, Hicks, J., made September 14, 1891, allowing their claims conditionally and subject to other prior claims against the insolvent company. This Insurance Company was organized under Laws 1881, ch. 91, authorizing the formation of Millers’ & Manufacturers’ Mutual Insurance Companies. After Laws 1885, ch. 180, was enacted, it did business also on the 11 all cash” plan, and issued policies in the usual form used by…
1Opinion of the CourtDiceinson, J.
The above-named corporation was organized under Laws 1881, ch. 91, entitled “An act authorizing the formation of millers’ and manufacturers’ mutual insurance companies.” After the passage of the statute authorizing such corporations having a specified amount of capital to “assume risks on the all-cash plan,” (Laws 1885, eh. 180,) the corporation conducted its business of insurance on both the “mutual” and the “all-cash” plans, so called. Its by-laws contemplated this, and contained provisions respecting insurance both by “participating or mutual policies” and “nonparticipating or cash…
2Cases cited1 opinion
- Taylor v. North Star Mutual InsuranceSupreme Court of Minnesota · 1891
3Cited by9 opinions
- Parsons, Rich & Co. v. LaneSupreme Court of Minnesota · 1906
- Johnson v. School District No. 1Oregon Supreme Court · 1928
- Swing v. HumbirdSupreme Court of Minnesota · 1904
- Smith v. National Credit InsuranceSupreme Court of Minnesota · 1896
- Warner v. Delbridge & Cameron Co.Michigan Supreme Court · 1896
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