State Ex Rel. Fletcher v. Southern Surety Co.

An exhaustive examination of the record in this case persuades us that the trial court had before it a question of outstanding importance. We proceed to state the reasons why we may not express an opinion on the correctness of the trial court’s action and why its decision must await another occasion.

The Southern Surety Company, a foreign corporation with its principal offices in New York, was authorized to transact business in this state, and did so for a considerable period. On March 22, 1932, the courts of the parent state, finding the corporation insolvent, dissolved the corporation,…