Life Ass'n of America v. Levy
Supreme Court of Louisiana
APPEAL from the First Judicial District Oourt, parish of Caddo. Taylor, J. ’ 11 I'irst^ — A foreign- córpóration, unless prohibited by special statute, may make contracts within the scope of its authority in another State than that of its. creation.. 7 L. 31;.4 It. 517; 13 Pefers, 521. . • . . Second — Foreign corporations may institute suits in courts of this State, and in case of insolvency be represented by assignee or receiver.
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APPEAL from the First Judicial District Oourt, parish of Caddo. Taylor, J. ’ 11 I'irst^ — A foreign- córpóration, unless prohibited by special statute, may make contracts within the scope of its authority in another State than that of its. creation.. 7 L. 31;.4 It. 517; 13 Pefers, 521. . • . . Second — Foreign corporations may institute suits in courts of this State, and in case of insolvency be represented by assignee or receiver. Angelí & Ames on Corporations, p, 395 and notes; 2 A. 430. Third — The lending of money on note and mortgage security is not banking business. Angelí & Ames, p.…
1Opinion of the Court
The opinion of the Court was delivered by
Levy, J.
On the 9th of April, 1878, the Life Association of America, á duly incorporated company; domiciled in St. Louis, Missouri, and having a department in Louisiana and Texas and a branch or district at *1205Shreveport, Louisiana, instituted this suit against the defendant, praying for judgment against Simon Levy in the sum of three thousand dollars, with eight per cent per annum interest thereon from February 23d, 1875, alleged to be due plaintiff by defendant on the latter’s promissory note for that sum, dated February 23d, 1872, due twelve months…
2Cases cited3 opinions
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- Portsmouth Livery Co. v. WatsonMassachusetts Supreme Judicial Court · 1813
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