Clay v. Eagle Reciprocal Exchange

HOLLINGSWORTH, Judge.

On May 5, 1958, the Circuit Court of Cole County found Eagle Reciprocal Exchange, hereinafter called “Eagle”, insolvent, adjudged that it be dissolved and that its affairs be liquidated in accordance with the provisions of Chapter 375, RSMo 1959, V.A.M.S.1 As a part of that decree and in accordance with said chapter, C. Lawrence Leggett, the then Superintendent of the Division of Insurance of the State of Missouri, became vested with title in fee to all of Eagle’s assets and charged with the duty of acquiring possession of and disposing of them for the use and benefit of…