Legal Opinion
In re People
New York Supreme Court
Decided June 27, 1935PublishedCited by 7 opinions
1Opinion of the CourtFrankenthaler, J.
The motion is based upon three principal grounds: (1) That further transaction of the company’s business would be hazardous to its policyholders, its creditors and the general public; (2) that the company is insolvent in the sense that it is unable to meet its obligations as they accrue in the regular course of business, and (3) that it is insolvent for the additional reason that its liabilities exceed its assets. The Superintendent, deeming that further efforts to rehabilitate the company would be futile, has applied for an order of liquidation. (See Insurance Law, § 402, subd. 2.)
On August…
2Cases cited6 opinions
- Matter of People (Lawyers Title Guar. Co.)New York Court of Appeals · 1934
- Matter of People (n.Y. Title Mortgage Co.)New York Court of Appeals · 1934
- In re the People of New YorkNew York Supreme Court · 1933
- In re PeopleNew York Supreme Court · 1934
- In re People of New YorkNew York Supreme Court · 1933
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Carpenter v. Pacific Mutual Life InsuranceCalifornia Supreme Court · 1937
- Kentucky Central Life Insurance Co. v. StephensKentucky Supreme Court · 1995
- Hakala v. SchaickCity of New York Municipal Court · 1939
- Consedine v. Penn Treaty Network America InsuranceCommonwealth Court of Pennsylvania · 2012
- Minor v. StephensKentucky Supreme Court · 1995
2 more not listed; retrieve them via the Exa API.