Harrison v. Cotton States Life Insurance
Supreme Court of Georgia
Insurance. Corporations. Injunction and Receiver. Bonds. Practice in the Supreme Court. Before Judge Simmons. Bibb Superior Court.
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Insurance. Corporations. Injunction and Receiver. Bonds. Practice in the Supreme Court. Before Judge Simmons. Bibb Superior Court. October Term, 1886. On the 16th day of June, 1886, plaintiffs in error, for themselves and all others having an interest as policyholders or as creditors of the Cotton States Life Insurance Company, and who might become complainants, presented their bill to the chancellor, praying for an injunction, the appointment of a receiver, and for general relief. They state that they are policy-holders of that company; that in consideration of the payment of the premiums…
1Opinion of the Court
Hall, Justice.
It is considered and adjudged that the chancellor erred in permitting the voluntary bond described in the record to become a part of the case as cause shown against the prayer for injunction and receiver, said bond not being an adequate substitute for injunction and receiver. And having incumbered the exercise of his discretion with this document, he erred in denying the injunction under its influence. Let the judgment be reversed and the application .for injunction and receiver be heard de novo, unless the defendant corporation will enter into bond with good security' in the…
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