Ashurst v. Preferred Life Assurance Society of Montgomery

LAWSON, Justice.

This is a class action filed in the Circuit Court of Montgomery County, in Equity, against Preferred Life Assurance Society of Montgomery, sometimes hereafter referred to as the Assurance Society, and against Preferred Life Insurance Company, a corporation, sometimes hereafter referred to as the Insurance Company.

The Assurance Society was authorized to do business in 1929 as an incorporated non-stock fraternal benefit society under the provisions of §§ 8439-8508, 1923 Code of Alabama.

In 1962 the; Assurance Society converted itself into the Insurance Company, a stock life…