Hackensack Trust Co. v. Kelly

The opinion of the court was delivered by

WolfsKeil, J.

This is an appeal from an order of the court of chancery dismissing the petition of appellants filed in the cause entitled “The Hackensack Trust Company, as Trustee, &c., complainant, and William H. Kelly, as commissioner of banking and insurance of the State of New Jersey, et-al., defendants.”

Upon examination of the record it appears that North Jersey Title Insurance Company, a corporation of this state, engaged in the business of loaning money on bonds and mortgages on real estate sold participation certificates to the public. The…