In Re Minnesota Ins. Underwriters

(after stating the facts as above). The alleged bankrupt is a reciprocal or interinsurance exchange organized under the laws of this state. The Bankruptcy Aet § 4b (11 USCA § 22(b) provides: “(b) Any natural person, except a wage earner or a person engaged chiefly in farming or the tillage of the soil, any unincorporated company, and any moneyed, business, or commercial corporation, except a municipal, railroad, insurance, or banking corporation, owing debts to the amount of $1,-000 or over, may be adjudged an involuntary bankrupt upon default or an impartial trial, and shall be subject to…