Attorney-General v. North America Life Insurance
New York Supreme Court
Dissolution of life insurance company. The North America Bife Insurance Company was organized under chapter 463 of the Laws of 1853,- and it also transacted business as a registered policy company under chapter 902 of the Laws of 1869. At a special term of the supreme court, held in the city of Schenectady, by Mr. Justice Bandon, on March 8, 1877, on the motion of the attorney-general of the State, after due notice to the company, such corporation was restrained from the…
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Dissolution of life insurance company. The North America Bife Insurance Company was organized under chapter 463 of the Laws of 1853,- and it also transacted business as a registered policy company under chapter 902 of the Laws of 1869. At a special term of the supreme court, held in the city of Schenectady, by Mr. Justice Bandon, on March 8, 1877, on the motion of the attorney-general of the State, after due notice to the company, such corporation was restrained from the further prosecution of its business, and Henry B,. Pierson appointed the receiver thereof. After this appointment, the…
1Opinion of the CourtWestbrook, J.
[After stating the facts.]—The first question which this motion presents is, Has this court, in the special proceedings pending before it for the purpose of distributing the effects of a dissolved corporation, power to enjoin the action ? It will be observed that the suit is against the court’s own officer, and the necessary and inevitable effect thereof is more or less to interfere with the action of the receiver. If a person molested a receiver in any Way other than by action, would it be seriously argued that the court could not restrain him ? If the answer to the question is favorable to…
2Cases cited8 opinions
- The Erie Railway Company v. . RamseyNew York Court of Appeals · 1871
- Tracy v. . First National Bank of SelmaNew York Court of Appeals · 1868
- E. B. v. E. C. B.New York Supreme Court · 1858
- Rinn v. . Astor Fire Insurance Co.New York Court of Appeals · 1874
- People Ex Rel. Attorney-General v. Security Life InsuranceNew York Court of Appeals · 1877
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3Cited by4 opinions
- People v. . American Loan Trust Co.New York Court of Appeals · 1896
- In re Commercial BankAppellate Division of the Supreme Court of the State of New York · 1898
- Dawson v. ParsonsNew York Supreme Court · 1896
- In re Commercial BankAppellate Division of the Supreme Court of the State of New York · 1898