Ratchford v. Proprietors' Insurance

Former R.C. 3903.07, as recodified October 1, 1953, provided in relevant part:

“The superintendent may, subject to the approval of the court sell or otherwise dispose of the real and personal property of the company, or any part thereof, and sell or compromise all doubtful or uncollectible debts or claims owing to the company, includ*3ing claims based upon an assessment levied against a member or subscriber of any company issuing assessable policies.” (Emphasis added.)

The merit issue before us involves the operative words “subject to the approval of the court.” Do these words give a trial judge…