Hill v. Merchants' Mutual Insurance
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OE MISSOURI. The court, iu its opinion, stated the case as follows: This writ of error brings up for reexamination a judgment of the Supreme Court of Missouri, and presents the-question whether a certain statute to which: that judgment gave effect, impaired the obligation of a' contract arising out of a subscription by Britton A. Hill to the stock of an insurance company created by the laws of Missouri.
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ERROR TO THE SUPREME COURT OF THE STATE OE MISSOURI. The court, iu its opinion, stated the case as follows: This writ of error brings up for reexamination a judgment of the Supreme Court of Missouri, and presents the-question whether a certain statute to which: that judgment gave effect, impaired the obligation of a' contract arising out of a subscription by Britton A. Hill to the stock of an insurance company created by the laws of Missouri. By the second section of an act of the Missouri legislature, approved March 3, 1857, creating the' "Washington Insurance Company,, ft was provided in…
1Opinion of the CourtJustice HablaN
The plaintiff in error contends that the act creating .the Excelsior Insurance Company was a private act, and its charter exempted 'from alteration, suspension or repeal by subsequent legislation • that its stockholders were exempted from the levy of an execution upon their individual property at the instance of a judgment creditor of the corporation in case of a deficiency of corporate property, and from actions at law by creditors ; that the rights of its stockholders were not affected by subsequent legislation of a general nature; and that the method of collecting unpaid stock, specially…
2Cases cited5 opinions
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- Bronson v. KinzieSupreme Court of the United States · 1843
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- Hatch v. DanaSupreme Court of the United States · 1880
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