Boyd v. Knox

MASSEY, Chief Justice.

In 1943, Allied Underwriters, a reciprocal inter-insurance exchange operating-under Texas’ statutory provisions, was declared insolvent and a receiver was appointed to administer its affairs. By a suit of the receiver, so appointed, a judgment was obtained against Mrs. Frances. M. Tucker, as one of the subscribing members of the Allied Underwriters. The suit was a class action filed against all of the-subscribing members to fix their status as debtors to the creditors of the. Allied Underwriters. It also was a suit to adjudicate each debtor’s indebtedness. Mrs. Tucker…