State v. Bankers' & Planters' Mutual Insurance
Supreme Court of Arkansas
Appeal from Conway Chancery Court; W. E. Atkinson, Chancellor; The defendant was a mutual insurance company. 52 Ark. 201; 1 N. E. (Ind.) 571; 133 S. W. 146; 46 ,S. E. 949; 38 L. ft.
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Appeal from Conway Chancery Court; W. E. Atkinson, Chancellor; The defendant was a mutual insurance company. 52 Ark. 201; 1 N. E. (Ind.) 571; 133 S. W. 146; 46 ,S. E. 949; 38 L. ft. A. 55; 159 S. W. 1036; 66 Iowa 26; 23 N. W. 241. The name of an association does not fix its real character. 73 Me. 299. The only charitable organizations are those organized under the act of 1917 which provides that such charitable and benevolent societies are not taxable for any purpose and their funds cannot even be garnished by a creditor. 136 Ark. 149,148 Ark. 361. Appellee is a fraternal benefit association,…
1Opinion of the CourtMcCulloch, C. J.
This is an action instituted in the name of the State, on the relation of the Attorney General, against appellee, Bankers’ & Planters’ Mutual Insurance Association, a domestic corporation doing business as a mutual life, health and accident insurance company, to recover the franchise tax alleged to be imposed on associations of that character doing business for profit.
The facts, according to stipulation of counsel upon which the case was tried, are that the operations of appellee in its business are confined to the issuance of benefit certificates or policies to its own members in amounts not…
2Cases cited2 opinions
- Sovereign Camp Woodmen of the World v. NewsomSupreme Court of Arkansas · 1920
- Bankers' & Planters' Mut. Ins. v. WalkerCourt of Appeals for the Eighth Circuit · 1922
3Cited by2 opinions
- Modern Woodmen of America v. State Ex Rel. Attorney GeneralSupreme Court of Arkansas · 1937
- Jefferson Cooperative Gin, Inc. v. MilamSupreme Court of Arkansas · 1973