Lincoln Bus Co. v. Jersey Mutual, C., Co.

On January 13th, 1931, the banking commissioner took over the affairs of the defendant as an insolvent corporation, under section 56, subdivision B, of the Insurance Company act, as amended by chapter 68 of the laws of 1930. P.L. p. 288. Shortly thereafter, and in aid of the commissioner's administration, the commissioner's deputy in charge was appointed receiver in insolvency in this cause; but the commissioner objected, whereupon the present receiver was appointed, who was ordered not to interfere with the commissioner's possession, but was given leave to move to restrain the commissioner…