Treat v. Pennsylvania Mutual Life Insurance
Supreme Court of Pennsylvania
Appeal, No. 339, Jan. T., 1900, by plaintiff, from decree of C. P. No. 4, Phila. Co., March T., 1896, No. 1051, dismissing bill in equity in case of Frederick H. Treat for himself and such other certificate holders of the defendant company as may join herein v. The Pennsylvania Mutual Life Insurance Company. Bill in equity for a receiver.
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Appeal, No. 339, Jan. T., 1900, by plaintiff, from decree of C. P. No. 4, Phila. Co., March T., 1896, No. 1051, dismissing bill in equity in case of Frederick H. Treat for himself and such other certificate holders of the defendant company as may join herein v. The Pennsylvania Mutual Life Insurance Company. Bill in equity for a receiver. Audenbied, J., filed the following opinion : The plaintiff’s bill prays that a receiver be appointed to take charge of the books and assets of the defendant company, to recover all amounts due it, to pay its obligations, and generally to perform such matters…
1Opinion of the Court
Opinion by
Me. Justice Mestrezat,
This bill was filed by the plaintiff for himself and such other certificate holders of the defendant company as might join therein, alleging mismanagement and a conversion of the assets of the company to the use of the owners of a majority of the shares. The bill prayed “ that a receiver be appointed by your honorable court to take charge of the books and assets of said company, to recover all amounts due said company, .... to pay its obligations, and generally to perform such matters and things in connection with the continuance or dissolution of said…
2Cases cited2 opinions
- Gravenstine's AppealSupreme Court of Pennsylvania · 1865
- Schlecht's AppealSupreme Court of Pennsylvania · 1869
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