People v. Security Life Insurance
New York Supreme Court
Appeals from an order affirming the report of a referee. This was a suit brought against The Security Life Insurance and Annuity Company by the attorney-general of the State, to wind up its affairs, because its assets were insufficient to reinsure its outstanding risks.
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Appeals from an order affirming the report of a referee. This was a suit brought against The Security Life Insurance and Annuity Company by the attorney-general of the State, to wind up its affairs, because its assets were insufficient to reinsure its outstanding risks. I. Supreme Court, General Term, May, 1879. The decree of dissolution was entered, and Hon. William H. Wickham appointed receiver, on December 14, 1876. The receiver published a notice for the presentation of all claims on or before September 3, 1877. On December 31, 1877, Stephen A. Walker, Esq., was appointed a referee to…
1Opinion of the CourtEarl, J.
The defendant was dissolved and a receiver was appointed of its assets, under section 17 of the act, chapter 463 of the Laws of 1853. It was organized under the same act, and by section 11 of the act it was made subject to all the provisions of the Revised Statutes in relation to corporations, so far as the same were applicable, except as otherwise specially provided in the act. No provision was made in the act regulating the conduct of the receiver in such a case, or the distribution of the assets, or any of the proceedings subsequent to the appointment of the receiver. All of such matters…
2Cases cited7 opinions
- New York Life Insurance v. StathamSupreme Court of the United States · 1876
- Schell v. . PlumbNew York Court of Appeals · 1874
- Cohen v. . N.Y. Mutual Life Insurance Co.New York Court of Appeals · 1872
- Fischer v. . Hope Mutual Life Ins. Co.New York Court of Appeals · 1877
- In re the Receivers of Globe InsuranceNew York Court of Chancery · 1836
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3Cited by2 opinions
- Seedman v. FriedmanCourt of Appeals for the Second Circuit · 1942
- Weeks v. CornwallNew York Supreme Court · 1887