In Re New State Life Ins. Co.

Substantially the only questions presented by this appeal are whether or not the plaintiff in error, a mutual life insurance company, was insolvent in that its matured liabilities exceeded its admitted assets independently of the contract hereinafter set out, and if not, then whether certain money advanced by a life insurance company chartered, but not yet licensed under the provisions of chapter 60, S. L. 1923, to a mutual life, health, and accident company or association authorized and licensed under the provisions of chapter 32, S. L. 1925, as amended by article 3, ch. 51, S. L. 1931,…