In Re the Voluntary Dissolution of the Home Provident Safety Fund Ass'n
New York Court of Appeals
Appeal from order of the General Term of the Supreme Court in the first judicial department, made April 6, 1891, which affirmed in part and reversed in part an order of Special Term in the above-entitled proceeding. Proceedings by petition to the court were taken in behalf of the trustees of the company above named, to provide for its voluntary dissolution.
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Appeal from order of the General Term of the Supreme Court in the first judicial department, made April 6, 1891, which affirmed in part and reversed in part an order of Special Term in the above-entitled proceeding. Proceedings by petition to the court were taken in behalf of the trustees of the company above named, to provide for its voluntary dissolution. The matter was referred to a referee, who reported that it would be unwise for the corporation to continue business, and that it should be dissolved. A motion was made in behalf of the petitioners to confirm this report and for a final…
1Opinion of the CourtPeckham, J.
It must be assumed that the insurance company which has been dissolved had the power to enter into the contract which it did execute with the Farmers’ Loan and Trust Company, for no party to this dispute questions that fact.
In May, 1884, the trust company and the insurance company entered into an agreement by which the insurance company agreed to deposit with the trust company moneys under these circumstances : The insurance company proposed to issue to persons becoming members of its association certificates of membership, and in such certificates it would state that in consideration of the…
2Cases cited1 opinion
- Attorney-General v. Guardian Mutual Life InsuranceNew York Court of Appeals · 1879
3Cited by20 opinions
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- In re the Estate of WeltonNew York Surrogate's Court · 1931
- City of Philadelphia v. LiebermanCourt of Appeals for the Third Circuit · 1940
- Morrill v. American Reserve Bond Co. of KentuckyU.S. Circuit Court for the District of Western Missouri · 1907
- Brackett v. Middlesex Banking Co.Supreme Court of Connecticut · 1915
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