Insurance Commissioner v. Provident Aid Society
Supreme Judicial Court of Maine
On Report. Bill in equity, beard on bill, answer, decree appointing receiver and master, master’s special report and receiver’s report. Tbe bill was filed by tbe insurance commissioner in tbis court, in Cumberland County, and prayed for an injunction and tbe appointment of a receiver.
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On Report. Bill in equity, beard on bill, answer, decree appointing receiver and master, master’s special report and receiver’s report. Tbe bill was filed by tbe insurance commissioner in tbis court, in Cumberland County, and prayed for an injunction and tbe appointment of a receiver. After the appointment of a master, the Bay State Association filed with him various claims to the funds of the Provident Aid; among them the following which he reported specially to the law court: — 1. Claim to the entire mortuary fund, including the amount deposited with the state treasurer, by virtue of a…
1Opinion of the CourtStrout, J.
When this bill was filed, October 18, 1895, the defendant company bad on deposit with the state treasurer, securities of the par value of seven thousand dollars, and on deposit in Portland Trust Company three thousand fifty-one dollars and sixty cents, and an unliquidated balance in the hands of B. N. Johnson. All of these funds belonged to the mortuary fund of the Society, and were charged with a trust for the security of its certificate holders.
In August, 1895, and before the filing of this bill, the Provident Aid made a contract with the Bay State Beneficiary Association of Massachusetts,…
2Cited by3 opinions
- Brenizer v. Royal Arcanum.Supreme Court of North Carolina · 1906
- Bowman v. AndersonSupreme Court of Missouri · 1916
- Brenizer v. Royal Arcanum.Supreme Court of North Carolina · 1906