Texas Employers Ins. Ass'n v. Humble Oil & Refining Co.

CODY, Justice.

The question in the main action of this consolidated suit is, Did the Humble Oil & Refining Company, as a withdrawn subscriber. of the Texas Employers’ Insurance Association, have such a right in the surplus funds of the association, accumulated during the period it was a subscriber, that it was entitled to withdraw a portion of such surplus?

On October 9, 1917, the Humble Company acquired the Texas properties and business of-the Dixie Oil & Refining Company, and on the 24th of the same month, the association transferred to the Humble Company the policy of the Dixie Company,…