People v. Thomas

This is a motion to dismiss certain indictments against the defendants. The indictments, four in number, set forth different sets of transactions, all of which, it is claimed by the people, are violations of section 36 of the Insurance Law. They set forth that the defendants, as officers, directors and stockholders of the Provident Life Assurance Association, caused deposits to be made in certain banks and that prior to and thereafter, upon the strength of these deposits and in consideration therefor, procured loans to be made by which, directly or indirectly, they profited. Section 36 of the…