Otis v. Harrison
New York Supreme Court
ACTION by the plaintiff as receiver of the Poughkeepsie Insurance Company, upon four premium notes, made by the defendant upon effecting insurances with the company. On the trial the plaintiff was nonsuited, on the sole and only ground that the notes in suit exceeded five times in amount the amount of cash premium paid. And the exceptions were ordered to be heard in the first instance at general term.
1Opinion of the Court
By the Court,
Brown, J.
The plaintiff is the receiver of the Poughkeepsie Insurance Company, a corporation organized August 16, 1850, under the provisions of the act of the 10th of April, 1849, for the purpose of carrying on the business of insurance. The company was dissolved by an order *211made at a special term of this court, held on the 24th of April, 1860, and John H. Otis, the plaintiff, appointed, the receiver of the corporation, with the usual powers to close up and settle its business and affairs. The action is brought to recover the moneys mentioned in four several promissory notes made…
2Cases cited5 opinions
- Pennington v. TownsendNew York Supreme Court · 1831
- Swift v. BeersNew York Supreme Court · 1846
- Devendorf v. BeardsleyNew York Supreme Court · 1857
- Thomas v. WhallonNew York Supreme Court · 1857
- Tylee v. YatesNew York Supreme Court · 1848
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