Legal Opinion
State ex rel. Guion v. People's Fire Insurance Co. of New Orleans
Supreme Court of Louisiana
Decided April 11, 1910No. 18,162Published
Appeal from Civil District Court, Parish, of Orleans; Fred D. King, Judge. Suit by the State on the relation and information of Walter Guión, Attorney General, against the People’s Fire Insurance Company of New Orleans. Judgment for re-' lator for less than the relief demanded, and he appeals. Motion to dismiss appeal, denied.
1Opinion
On the Merits.
Section 3 of Act No. 105 of 1898, as amended by Act No. 50 of 1902, provides that, if “the whole of the capital stock” of an insurance company “shall not be paid for in twelve months from the date of its charter, its charter shall be forfeited.”
Act No. 124 of 1908 provides that:
“Whenever a suit is brought by the state to forfeit the charter of any corporation, or pretended corporation, the court shall be considered to have jurisdiction of all the property belonging to such corporation from the date of the filing of the suit.”
The statute goes on to provide that pen-dente. lite…
2Cases cited1 opinion
- Platt v. ArcherU.S. Circuit Court for the District of Southern New York · 1872