People Ex Rel. Attorney-General v. Life & Reserve Association of Buffalo
New York Court of Appeals
Cross-appeals from order of the General Term of the Supreme Court in the fifth judicial department, made December 26, 1895, which modified and, as modified, affirmed orders of the Special Term.
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Cross-appeals from order of the General Term of the Supreme Court in the fifth judicial department, made December 26, 1895, which modified and, as modified, affirmed orders of the Special Term. The Buffalo Mutual Life and Reserve Association w,as incorporated in February, 1883, under the provisions of chapter 267 of the Laws of 1875. It commenced and continued business under the provisions of that statute until February, 1886, when it was re-organized under chapter 175 of the Laws of 1883, as The Life and Reserve Association of Buffalo, New York. Under the latter name it continued business…
1Opinion of the CourtMartin, J.
Several questions presented on the trial before the referee are not before us, as the parties have not appealed, from the portion of the order which determined them.
The most important question we are called upon to decide is whether the General Term properly held that $10,000 of the reserve fund should be applied to the payment pro rata of death claims arising under both kinds of certificates where the claim existed before the commencement of this action; that death claims under reserve certificates should not be paid in full, and that the remainder of the fund, after deducting $10,000,…
2Cases cited2 opinions
- In Re the Equitable Reserve Fund Life Ass'nNew York Court of Appeals · 1892
- Burdon v. Massachusetts Safety Fund Ass'nMassachusetts Supreme Judicial Court · 1888
3Cited by19 opinions
- People v. . American Loan Trust Co.New York Court of Appeals · 1902
- Matter of Empire State Surety Co.New York Court of Appeals · 1915
- Vought v. Eastern Building & Loan Ass'nNew York Court of Appeals · 1902
- Lahey v. . LaheyNew York Court of Appeals · 1903
- People v. . Metropolitan Surety Co.New York Court of Appeals · 1912
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