Hind v. Cook & Co.

Opinion of the Court by

Chief Justice Sampson

Affirming.

Some time in 1915 the Indemnity Eire Insurance Company, a corporation organized under section 702, et seq., Kentucky Statutes, was, at the instance of its creditors, placed in the hands of a receiver, the appellant Hind being named by the court. That company was what is commonly known as a co-operative or assessment fire insurance concern. The section of the statutes under which it was organized reads in part:

“Twenty-five or more persons residing in any one or more adjoining towns or in any county, or in not exceeding ten adjoining…