Jordan v. Auto Mutual Indemnity Co.

The opinion of the Court was delivered by

Mr. Justice Baker.

Prior to November 16, 1937, the Auto Mutual Indemnity Company, a corporation of the State of New York, was engaged in the writing of liability insurance in the State of South Carolina, and on November 16, 1937, in the action of Marion Jordan against said company, Jesse T. Reese, Jr., was duly appointed Receiver to take over its assets, and qualified as such Receiver. The order appointing the Receiver directed him as an officer of the Court to' take charge of and disburse according to law the securities, amounting to Ten Thousand…