In Re Security Mortgage Title Ins. Co.

The litigation in this matter has been protracted, and to a certain extent may be characterized as desultory. It began with a bill by appellant Ryan for a receivership of the company under the inherent equity powers of the court of chancery. The bill was filed February 27th, 1936. There was an order to show cause looking toward the appointment of a "trustee or trustees." We cannot find that any receiver or trustee was ever appointed pursuant to the bill. But in June, 1936, the then commissioner of banking and insurance intervened with a petition based on chapter 3 of the laws of 1934 (P.L.p.…