Bangs v. Scidmore
New York Supreme Court
THIS action was brought by the plaintiff as receiver of the property and effects of the Genesee Mutual Insurance Company, to recover the amount of a premium note given by the defendant to said company, which note was in the words and figures following: “ $420. For value received in policy No. 5265, dated.
Read the full summary
THIS action was brought by the plaintiff as receiver of the property and effects of the Genesee Mutual Insurance Company, to recover the amount of a premium note given by the defendant to said company, which note was in the words and figures following: “ $420. For value received in policy No. 5265, dated. November 20th, 1847, issued by the Genesee Mutual Insurance Company, I promise to pay the said company, or their treasurer for the time being, the sum of four hundred and twenty dollars, in such portions and at such times as the said company may, agreeably to their act of incorporation,…
1Opinion of the CourtWelles, J.
The act incorporating the Genesee Mutual Insurance Company, was passed May 3d, 1836. (Sess. Laws of 1836, ch. 241.) By section 3 of that act it was declared, that the corporation thereby created should possess all the powers and privileges, and be subject to all the restrictions and limitations which were granted to, or imposed upon, “ The Jefferson County Mutual Insurance Company” by the act incorporating that company, passed March 8th, 1830. (Id. ch. 41.) By the 2d section of the last mentioned act, all persons who should thereafter insure with the corporation, should thereby become *32members…
2Cited by2 opinions
- Mills v. GleasonWisconsin Supreme Court · 1860
- Tippett v. WoolleyCourt of Appeals of Texas · 1949