Ellis v. Western National Bank
Court of Appeals of Kentucky
CASE 35. — ACTION BY HUGH ELLIS AND THE LOUISVILLE TRUST CO., RECEIVER OF THE PEOPLE’S LIFE & ACCIDENT INSURANCE CO., AGAINST THE WESTERN NATIONAL BANK, NOW CONTINENTAL NATIONAL BANK — ' Appeal from Jefferson Circuit Court (Chancery Branch, First Division). Shackelford Miller, Judge. From a judgment against the hank it appeals, and from an order striking from the petition the name of Ellis as plaintiff and awarding costs against him he brings a cross appeal. —
1Opinion of the Court
Opinion op the Court by
Judge Lassing
— Affirming.
On August 11, 1905, the People’s Life & Accident Insurance Company was organized, and began writing insurance on the assessment* plan. It did not prosper, and in.a short time after its organization was placed in the hands of the Louisville Trust Company and one Megrew as receivers. Megrew died, and the Louisville Trust Company continued to act as receiver. During its existence, two death claims were presented against it, for $1,000 and $1,100 respectively; and in addition to these claims it owed debts amounting in the aggregate to a sum largely…
2Cited by3 opinions
- Rogosin v. City Trust Co. of PassaicNew Jersey Court of Chancery · 1930
- Render v. Arkansas Valley Trust Co.Court of Appeals for the Eighth Circuit · 1912
- Inner Group Financing Corp. v. Halsted Exchange National BankAppellate Court of Illinois · 1936