Rollo v. Andes Ins.
Supreme Court of Virginia
This case was argued in Richmond, at the March term of the court, and was decided at the June term, at Wytheville. In October 1872 Wm.
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This case was argued in Richmond, at the March term of the court, and was decided at the June term, at Wytheville. In October 1872 Wm. E. Rollo, assignee in bankruptcy of the Merchants Insurance Company of Chicago, in the State of Illinois, instituted an action of assumpsit in the Circuit court of the city of Richmond, against the Andes Insurance Company of Cincinnati, Ohio, laying his damages at $20,000. At the same time, upon affidavit filed, that the defendant was not a resident of this State, an attachment against the estate of the Andes insurance Company was issued; and upon this…
1Opinion of the CourtStaples, J.
By an act of the Legislature passed February 3d, 1866, amended by an act of March 3d, 1871, no insurance company which has not been incorporated under the laws of Virginia, can carry on its business within the State, until it shall have deposited with the treasurer of the State securities—State, corporate, or individual—of the cash value at least of ten thousand dollars.
If the securities so deposited are registered or individual bonds, the company is required, at the same time, to deliver to the treasurer a power of attorney, empowering the latter to transfer the bonds, when necessary, for…
2Cases cited1 opinion
- Thompson v. WoodbridgeMassachusetts Supreme Judicial Court · 1811
3Cited by15 opinions
- Boyd, Higgins & Goforth, Inc. v. MahoneSupreme Court of Virginia · 1925
- McGuire v. Great Northern Ry. Co.U.S. Circuit Court for the District of Northern Iowa · 1907
- Fremont, Elkhorn & Missouri Valley Railroad v. New York, Chicago & St. Louis RailroadNebraska Supreme Court · 1902
- Levine's Loan Office, Inc. v. StarkeCourt of Appeals of Virginia · 1924
- Leo v. LeoSupreme Court of Iowa · 1948
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