Carpenter v. Policy Holders Life Insurance

9 Cal.2d 167 (1937)

SAMUEL L. CARPENTER, Jr., Insurance Commissioner, etc., Appellant,

v.

THE POLICY HOLDERS LIFE INSURANCE ASSOCIATION (a Corporation) et al., Respondents.

L. A. No. 15419.

Supreme Court of California. In Bank.

June 29, 1937.

U.S. Webb, Attorney-General, John L. Flynn, Deputy Attorney-General, Frank L. Guerena and Eugene P. Fay for Appellant.

Charles D. Warner and Charles R. Thompson for Respondents.

SEAWELL, J.

Petitioner Samuel L. Carpenter, Jr., is insurance commissioner of the state of California. Respondents A. J. Scott, A. B. Jones and A. B. Jones, Jr., were president,…