IN RE AMERICAN BUYERS INS. CO.

No. 8117.

2 Utah 2d 205 (1954)

271 P.2d 844

IN RE AMERICAN BUYERS INS. CO. ET AL.

Supreme Court of Utah.

June 17, 1954.


Attorney(s) appearing for the Case

Mulliner, Prince & Mulliner, Rich, Elton & Mangum, Salt Lake City, for appellant.

E.R. Callister, Jr., Atty. Gen., Peter M. Lowe, Salt Lake City, for respondent.


McDONOUGH, Justice.

Appellants are two domestic corporations authorized by certificates issued by the Department of Business Regulations to transact the business of mutual benefit associations. They were also authorized by the Utah Securities Commission to sell securities and their agents are licensed both as insurance agents and securities salesmen. These companies have been selling for some time insurance policies, the dividends from which are assigned in trust...

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