Rahders, Merritt & Hagler v. People's Bank
Supreme Court of Minnesota
Action in the district court for Hennepin county by plaintiff corporation against defendant bank and the administrators of II. G. Merritt, deceased, to recover from defendant bank the sum of $5,000, proceeds of two insurance policies on the life of decedent, deposited therein by the insurance company. The facts are stated in the opinion.
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Action in the district court for Hennepin county by plaintiff corporation against defendant bank and the administrators of II. G. Merritt, deceased, to recover from defendant bank the sum of $5,000, proceeds of two insurance policies on the life of decedent, deposited therein by the insurance company. The facts are stated in the opinion. The answer admitted that the business of the corporation of Rahders, Merritt & Hagler succeeded to all the assets and liabilities of the copartnership of that name; that the corporation continued to conduct the affairs of the copartnership; denied that at any…
1Opinion of the CourtLewis, J.
From 1890 until 1907, Bahders, Merritt & Hagler were copartners in business in North Dakota, under the name Bahders, Merritt & Hagler. In 1907 a corporation was formed with the same name. Each former partner became the owner of one-third of the capital stock, and the business of the copartnership was transferred to the corporation, which acquired all of the assets and assumed all of the liabilities. In 1900 Merritt took out $5,000 insurance on his life, payable to his estate, and delivered the policies to the copartnership, and after the corporation was formed they were scheduled among the…
2Cases cited14 opinions
- Connecticut Mutual Life Insurance v. SchaeferSupreme Court of the United States · 1877
- Cheeves v. Anders, AdministratorTexas Supreme Court · 1894
- Connecticut Mutual Life Insurance v. LuchsSupreme Court of the United States · 1883
- Rittler v. SmithCourt of Appeals of Maryland · 1889
- Steinback v. . DiepenbrockNew York Court of Appeals · 1899
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3Cited by7 opinions
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- Peel v. ReibelSupreme Court of Minnesota · 1939
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- Aetna Life Insurance v. KimballSupreme Judicial Court of Maine · 1921
- Provident Mut. Life Ins. Co. of Philadelphia v. BennettDistrict Court, N.D. Iowa · 1944
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