Stamper v. Gammill

I am unable to agree with the majority opinion.

It is stated in substance in Stamper’s amended petition that the Reserve National Insurance Company is a mutual insurance company; that the policy-holders do not participate in profits earned by said company and that the profits earned inure to the benefit of Gammill because of his control of the company.

*431Stamper contends that his contract with Gammill should be construed as providing that he (Stamper) should receive 35%’ of the profits and not 35% of the intangible right to control the company which rested in Gammill because of proxies granted to…