McDonnell v. Alabama Gold Life Insurance
Supreme Court of Alabama
Appeal from tbe Chancery Court of Mobile. Heard, before tbe Hon. Thos. W. Coleman. The bill in tbis case was filed on tbe loth October, 1886, by Mrs. Kate McDonnell and others, holders of policies issued by tbe Alabama Gold Life Insurance Company, against tbe said corporation, certain stockholders of tbe corporation, and A. P. Bush, as trustee under a general asssignment executed to him by tbe corporation, on the 8th October, 1886, in trust for tbe benefit of its creditors;…
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Appeal from tbe Chancery Court of Mobile. Heard, before tbe Hon. Thos. W. Coleman. The bill in tbis case was filed on tbe loth October, 1886, by Mrs. Kate McDonnell and others, holders of policies issued by tbe Alabama Gold Life Insurance Company, against tbe said corporation, certain stockholders of tbe corporation, and A. P. Bush, as trustee under a general asssignment executed to him by tbe corporation, on the 8th October, 1886, in trust for tbe benefit of its creditors; and sought, principally, to enforce against tbe stockholders a personal liability for tbe complainants’ debts against…
1Opinion of the CourtSomeryille, J.
The bill is filed by certain policyholders against the defendant corporation, which is an insolvent life-insurance company, and against co-defendant stockholders owning shares in the company on October 8th, 1886, the date of its dissolution, as manifested by the making, on that day, of a general assignment for the benefit of creditors. The complainants claim to be creditors of the company in prcesenii, and seek to subject the stockholders to a personal liability, in sums respectively equal to the amo ants of their stock, and additional to such stock, under the provisions of the constitution…
2Cases cited28 opinions
- New York Life Insurance v. StathamSupreme Court of the United States · 1876
- United States v. State Bank of NCSupreme Court of the United States · 1832
- People v. Security Life Insurance & Annuity Co.New York Court of Appeals · 1879
- Slee v. BloomNew York Supreme Court · 1822
- Hawthorne v. CalefSupreme Court of the United States · 1865
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3Cited by56 opinions
- Aetna Life Insurance v. DunkenSupreme Court of the United States · 1925
- Woodworth v. BowlesSupreme Court of Kansas · 1900
- Elyton Land Co. v. Birmingham Warehouse & Elevator Co.Supreme Court of Alabama · 1890
- Kansas City M. & B. R. R. v. PhillipsSupreme Court of Alabama · 1893
- Louisville & Nashvile Railroad v. HurtSupreme Court of Alabama · 1893
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