Burdon v. Massachusetts Safety Fund Ass'n
Massachusetts Supreme Judicial Court
Bill in equity, filed November 3, 1885, for the dissolution of the first-named defendant, a beneficiary association, and for the appointment of a receiver.
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Bill in equity, filed November 3, 1885, for the dissolution of the first-named defendant, a beneficiary association, and for the appointment of a receiver. The first six plaintiffs were a majority in number and interest of the stockholders in the association, and the remaining plaintiff was a certificate holder, who purported to act for himself and all other holders of certificates of membership in the association, which certificates were alleged to have been issued by it up to May 20, 1885. The other defendant was the Boston Safe Deposit and Trust Company, with which the association had…
1Opinion of the CourtC. Allen, J.
The principal questions arising in the present case relate to the disposition which shall be made of the safety fund, so called, which has been accumulated, and which now amounts to about $19,000. There is nothing in the statutes of the Commonwealth which aids in determining these questions, and the determination of them must depend wholly upon the *366terms of the contracts which the association made with those who took its certificates. These certificates were in two forms; but no distinct question has been presented, or arises, under the second form of certificate. It does not appear that…
2Cases cited7 opinions
- Bailey v. Mutual Benefit Ass'nSupreme Court of Iowa · 1886
- Newman v. Covenant Mut. Ben. Asso.Supreme Court of Iowa · 1887
- Lueders' Ex'r v. Hartford Life & Annuity Ins.U.S. Circuit Court for the District of Eastern Missouri · 1882
- Curtis v. Mutual Benefit Life Co.Supreme Court of Connecticut · 1880
- In re Protection Life Ins.U.S. Circuit Court for the Northern District of Illnois · 1879
2 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- In Re the Equitable Reserve Fund Life Ass'nNew York Court of Appeals · 1892
- Buswell v. Supreme Sitting of the Order of the Iron HallMassachusetts Supreme Judicial Court · 1894
- People v. Commercial Alliance Life InsuranceNew York Court of Appeals · 1897
- Jones v. Arena Publishing Co.Massachusetts Supreme Judicial Court · 1898
- Fogg v. Supreme Lodge of the United Order of the Golden LionMassachusetts Supreme Judicial Court · 1893
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