Carlton v. Southern Mutual Insurance
Supreme Court of Georgia
Insurance. Corporations. Stock and. Stock. Before Judge Estes. Clarke Superior Court. November Term, 1888. To tbe report contained in the decision, it is only necessary to add the following: On May 26, 1881, tbe Southern Mutual Insurance Company, through its directors, filed its bill in Clarke superior court against Lampkin et al. and Carlton et al.. alleging, in brief, as follows: The company was chartered by act of the legislature in 1847, and its charter has been amended…
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Insurance. Corporations. Stock and. Stock. Before Judge Estes. Clarke Superior Court. November Term, 1888. To tbe report contained in the decision, it is only necessary to add the following: On May 26, 1881, tbe Southern Mutual Insurance Company, through its directors, filed its bill in Clarke superior court against Lampkin et al. and Carlton et al.. alleging, in brief, as follows: The company was chartered by act of the legislature in 1847, and its charter has been amended three times since, in 1849, 1856 and 1866. The amended charter is set out hereafter. The company was organized strictly…
1Opinion of the Court
Jackson, Chief Justice.
This is a bill for direction brought by the Southern Mutual Insurance Company, through its directors, alleging that its reserve fund had swollen to $912,803.19, was rapidly increasing, and would soon reach a million of dollars, and praying the instruction of the court in respect to its status, how it should be distributed among present policy-holders, and various classes of past policy-holders, when ready for distribution, on future increase by its own .accumulations from interest or otherwise, and who were its true owners, so as to entitle them to share in the…
2Cases cited33 opinions
- Brady v. North Western InsuranceMichigan Supreme Court · 1863
- Nelson & Hatch v. DunnSupreme Court of Alabama · 1849
- Railway Co. v. AllingSupreme Court of the United States · 1879
- Beaty v. Lessee of KnowlerSupreme Court of the United States · 1830
- Dana v. Bank of the United StatesSupreme Court of Pennsylvania · 1843
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- Latimer v. Irish-American BankSupreme Court of Georgia · 1904
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