Smith v. National Credit Insurance
Supreme Court of Minnesota
Appeal by Freeman P. Strong and others, stockholders of defendant corporation, from an order of the district court for Hennepin county, Bussell, J., denying their application for leave to file a complaint in intervention and to become parties defendant. The nature of the action is stated in the opinion.
1Opinion of the CourtMitchell, J.
In September, 1895, the defendant the National Credit Insurance Company made an assignment for the benefit of creditors. It had practically no assets except securities of the face value of $100,000 on deposit with the insurance commissioner, and which were the subject of the litigation in Smith v. National Credit Ins. Co., 65 Minn. 283, 68 N. W. 28, and Hayne v. Metropolitan Trust Co., 67 Minn. 245, 69 N. W. 916. Within a few days after the execution of this assignment, the insurance commissioner and one of the policy holders of the insurance company commenced this action to have a receiver…
2Cases cited2 opinions
- Hayne v. Metropolitan Trust Co.Supreme Court of Minnesota · 1897
- Smith v. National Credit InsuranceSupreme Court of Minnesota · 1896
3Cited by2 opinions
- Smith v. National Credit InsuranceSupreme Court of Minnesota · 1899
- Smith v. National Credit InsuranceSupreme Court of Minnesota · 1900