SAWTELLE, Circuit Judge.
Since the precise sequence of events is of crucial importance in determining the question presented by this appeal, involving as it does priority of jurisdiction as between a federal and a state court, we will give a chronological statement of the facts.
1. The appellee corporation was organized under the laws of Delaware. Prior to April 19, 1933, it was authorized to transact, and was engaged in, the business of insurance in California...
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