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DEARBORN NATIONAL INS. CO. v. COMM'R OF INS.

Docket No. 79, Calendar No. 44,795.

329 Mich. 107 (1950)

44 N.W.2d 892

DEARBORN NATIONAL INSURANCE COMPANY v. COMMISSIONER OF INSURANCE.

Supreme Court of Michigan.

Rehearing denied March 1, 1951.

Attorney(s) appearing for the Case

Wurzer, Higgins & Starrs (John T. Higgins and John R. Starrs, of counsel), for plaintiffs.

Stephen J. Roth, Attorney General, Edmund E. Shepherd, Solicitor General, and Maurice M. Moule, Assistant Attorney General, for defendant.

BOYLES, C.J.

This is an appeal from a decree of the circuit court for Wayne county in chancery affirming the findings and an order of the defendant commissioner of insurance directing the appellant insurance companies to dispose of the securities (stock) held by them in certain corporations. The essential facts have been stipulated.

Appellant Dearborn National Insurance Company was incorporated in 1936 with David F. Broderick as the principal incorporator...

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