Knox v. Damascus Corp.

MONTEITH, Chief Justice.

This suit was brought by Will G. Knox, as liquidator of the Board of Insurance Commissioners of the State of Texas, and as the receiver of the Southern Underwriters, a reciprocal insurance exchange, for the recovery from appellee, the Damascus Corporation, of the sum of $500 alleged to be the balance due as advance deposits on policies of workmen’s compensation and public liability insurance issued to said Damascus Corporation during the insolvency period of the Southern Underwriters.

In its answer Damascus Corporation pleaded that the alleged indebtedness had been…