Huter v. Union Trust Co.

Tlie Mutual Life Insurance Company of Indiana is an insolvent corporation in the hands of appellee as receiver. Iiuter intervened in the receivership case and asked that a bond and mortgage given by him t® the insolvent be found paid and ordered canceled. The special finding discloses substantially these facts:(1) The insolvent was incorporated in 1882 under the act for the incorporation of mutual life and accident insurance companies. Acts 1865 p. 114, §3163 R. S. 1881, §4895 Burns 1894.(2) The articles of incorpox’ation provided that the business of the company should be the issuing of…