Peerless Fire Ins. Co. v. Barcus

Plaintiff in error was chartered under the laws of Arizona, and authorized to do a fire insurance business. Its principal office was in Waco, Tex. C. H. Cox was its president. The company never got beyond the promotion stage; that is to say, it did no business, except to sell stock and to acquire through such sales some personal property. On February 15, 1916, at a stockholders' meeting, it was resolved to liquidate the affairs of the company. At this meeting there was elected a board of directors, one of whom was C. H. Cox. There were also appointed two liquidators, namely, C. H. Cox and…