Suttles v. Northwestern Mutual Life Insurance

1. Intangible property of a non-resident owner, such as credits arising from loans, can not be taxed in this State, unless it is connected substantially with some business transacted in Georgia by such non-resident or his agent.(a) Where a non-resident life-insurance company made loans secured by Georgia real estate, without reference to policyholder relationship, and through a channel entirely separate from that through which it issued insurance policies to Georgia residents, doing so merely as part of its general plan of investment, for protection alike to all of its policyholders, and with…