Commercial League Ass'n of America v. People ex rel. Needles
Illinois Supreme Court
Appeal from the Circuit Court of Cook county; the Hon. John G. Rogers, Judge, presiding.. This was an information, in the nature of a quo warranto, in the name of the people on the relation of the Auditor of the State, against a corporation, organized under the laws of the State, known as The Commercial League Association of America, in which it is alleged that said company, a corporation incorporated under and by virtue of the laws of the State of Illinois, and having its…
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Appeal from the Circuit Court of Cook county; the Hon. John G. Rogers, Judge, presiding.. This was an information, in the nature of a quo warranto, in the name of the people on the relation of the Auditor of the State, against a corporation, organized under the laws of the State, known as The Commercial League Association of America, in which it is alleged that said company, a corporation incorporated under and by virtue of the laws of the State of Illinois, and having its principal office in Chicago, for the space of two months now last past, to-wit, at the county aforesaid, has exercised,…
1Opinion of the CourtChief Justice Craig
The information in this case was filed under sections 1 and 2 of “An act to organize and regulate the business of life insurance,” approved March 26, 1869, which are as follows:
“ Before any life insurance company goes into operation, under the laws of this State, a guarantee capital of at least $100,000 shall be paid in money and invested in stocks of the United States or this State, or of any city or town in this State, estimated at their market value, or in such other stocks and securities as may be approved by the Auditor of Public Accounts, or in mortgages being first liens on real estate…
2Cited by9 opinions
- Rockhold v. Canton Masonic Mutual Benevolent SocietyIllinois Supreme Court · 1889
- State ex rel. Attorney General v. Merchant's Exchange Mutual Benevolent SocietySupreme Court of Missouri · 1880
- Peterson v. Manhattan Life InsuranceIllinois Supreme Court · 1910
- Northwestern Life Ass'n v. StoutAppellate Court of Illinois · 1889
- Oliver v. HalsteadSupreme Court of Virginia · 1955
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