Watson v. National Life & Trust Co.
Court of Appeals for the Eighth Circuit
Appeal from the Circuit Court of the United States for the Southern District of Iowa. Suit in equity by Alexander U. Watson and others against the Security Life & Savings Insurance Company, National Life & Trust Company, National Life Insurance Company of the United States of America, a federal corporation, and National Life Insurance Company of the United States of America, an Illinois corporation. Decree for defendants, and complainants appeal.
1Opinion of the Court
SMITH, Circuit Judge.
The defendant the Security Fife & Savings Insurance Company, hereafter called the “Security Company,”' was organized under the laws of Iowa as a life insurance company in-December, 1900, with a capital stock of $400,000, of which $100,000' was paid in cash and the balance represented by the notes of stockholders. Under the laws of Iowa the Auditor of State then had, and still has, supervision of insurance companies. Frank F. Merriam was at that time Auditor of State and a stockholder, director, and president of the Security Company and so remained during the entire-period…
2Cases cited3 opinions
- Lovell v. St. Louis Mutual Life InsuranceSupreme Court of the United States · 1884
- Equitable Life Assurance Society of the United States v. BrownSupreme Court of the United States · 1909
- Watson v. National Life & Trust Co.Court of Appeals for the Eighth Circuit · 1908
3Cited by7 opinions
- Barrett v. SmithSupreme Court of Minnesota · 1931
- Cook v. DavisCourt of Appeals for the Fifth Circuit · 1950
- Julian v. American Nat. BankCourt of Appeals of Tennessee · 1937
- Blair v. Cleveland, C., C. & St. L. Ry. Co.District Court, E.D. Illinois · 1931
- Brown v. RamseyCourt of Appeals for the Eighth Circuit · 1950
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