Attorney-General v. North America Life Insurance
New York Supreme Court
Appeal by the receiver and by various policyholders from an order of the Special Term passing the accounts of the receiver. The North America Life Insurance Company was put into the hands of a receiver under the act of 1869, chapter 902, upon the application of the Attorney-General, March 8,1877. The receiver, Henry Ii.
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Appeal by the receiver and by various policyholders from an order of the Special Term passing the accounts of the receiver. The North America Life Insurance Company was put into the hands of a receiver under the act of 1869, chapter 902, upon the application of the Attorney-General, March 8,1877. The receiver, Henry Ii. Pierson, Esq., filed preliminary accounts in April, 1881, which accounts purported to include all transactions of receipts and disbursements down to and including the 31st day of December, 1880. This account claims $1,368,129.16 as the total receipts, and five per cent…
1Opinion of the Court
Rumsey, J.:
On the 8th day of March, 1877, the North America Life Insurance Company was enjoined from doing business, and Henry R. Pierson was appointed receiver upon the application of the Attorney-General, pursuant to chapter 902, Laws of 1869. In April, 1881, the receiver presented his accounts to the Special Term for examination and approval, and a hearing was had upon the exceptions filed. After considerable evidence had been taken, the court, on the 8th day of September, 1881, made the order which is the subject of this appeal.
The first question argued is whether the receiver should be…
2Cases cited10 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- People Ex Rel. Hatzel v. . HallNew York Court of Appeals · 1880
- Matter of Application of Mayor, Etc., of N.Y.New York Court of Appeals · 1872
- Utica Insurance v. LynchNew York Court of Chancery · 1845
- Matter of N.Y.C. H.R.R.R. Co.New York Court of Appeals · 1876
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