State Ex Rel. Tobin v. Independent Life Ins. of America

From a decree dismissing its intervening petition herein on demurrer, the Third National Bank has appealed. The principal suit is one brought in the name of the State, on relation of the Insurance Commissioner, under Code, section 6100’, to take possession of the property of defendant Insurance Company and settle its affairs. The commissioner was appointed receiver of defendant company and, reaching the conclusion that the company was insolvent, with approval of the court, the receiver entered into an agreement with the Standard Life Insurance ' Company of the South, referred to as a…