Attorney-General v. Atlantic Mutual Life Insurance
New York Court of Appeals
Appeals from two orders of the General Term of the Supreme Court, in the second judicial department, affirming orders of Special Term. One of the orders affirmed an order made upon the coming in of the actuary’s report, which order directed the receiver of said The Atlantic Mutual Life Insurance Company to proceed to sell and convert the assets of said company into money, and to pay out the proceeds thereof in the manner prescribed by statute.
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Appeals from two orders of the General Term of the Supreme Court, in the second judicial department, affirming orders of Special Term. One of the orders affirmed an order made upon the coming in of the actuary’s report, which order directed the receiver of said The Atlantic Mutual Life Insurance Company to proceed to sell and convert the assets of said company into money, and to pay out the proceeds thereof in the manner prescribed by statute. The other order affirmed an order of Special Term, denying ' a motion on behalf of said company to dismiss the proceedings herein on the part of the…
1Opinion of the CourtFolgker, J.
These appeals are, in meaning, to the same end. One is from an order that the receiver turn the assets of the company into money, pay its debts and close its affairs. The appeal seeks action unlike that, to wit; that the receiver keep on the business of the company, nurse its assets, seek payment of premiums from policy-holders, and bring the company back to strength and good name. The other is from an order refusing a motion to discharge the receiver and to put the affairs of the company back into the hands of the corporators. If what is sought by these appeals is reached by the order of…
2Cited by2 opinions
- People v. Globe Mutual Life InsuranceNew York Supreme Court · 1880
- People v. Globe Mutual Life InsuranceNew York Supreme Court · 1880