Hope Mutual Life Insurance v. Weed
Supreme Court of Connecticut
This was a case submitted to the superior court, under the statute with regard to amicable suits, upon an agreed statement of facts. The parties were the Hope Mutual Life Insurance Company, a corporation located in Stamford in this state, and at this time insolvent, and William T. Minor, Esq., receiver of the company, as plaintiffs, and Nathaniel Weed as defendant.
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This was a case submitted to the superior court, under the statute with regard to amicable suits, upon an agreed statement of facts. The parties were the Hope Mutual Life Insurance Company, a corporation located in Stamford in this state, and at this time insolvent, and William T. Minor, Esq., receiver of the company, as plaintiffs, and Nathaniel Weed as defendant. The facts agreed were as follows:—the insurance company .was incorporated in May, 1846, as a mutual life insurance company. The 8th section of the charter contained the following provision : “ The company for the better security of…
1Opinion of the CourtStores, C. J.
The first question made in this case respects the power of the plaintiffs to make the contract out of which the note of the defendant, on which the plaintiffs claim to recover, arose. The plaintiffs first claim to have derived such power from the express terms of their charter; and rely on the provisions of the 8th, 18th and 17th sections, which provide that the plaintiffs’ company, for the better security of its dealers, may receive, during the first two years, after the passage of their charter, notes or other securities, for. premiums in advance of persons intending to receive its…
2Cited by7 opinions
- Glenn v. SempleSupreme Court of Alabama · 1885
- Hope Mutual Life Insurance Co. v. . PerkinsNew York Court of Appeals · 1868
- Ward v. DickSupreme Court of Connecticut · 1877
- Smith v. BellSupreme Court of Pennsylvania · 1884
- Berry v. Anchor Mutual Fire InsuranceSupreme Court of Iowa · 1895
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