GREAT-WEST LIFE A. CO. v. COURIER-JOURNAL JOB PR. CO.


288 S.W.2d 639 (1956)

The GREAT-WEST LIFE ASSURANCE COMPANY, Appellant, v. COURIER-JOURNAL JOB PRINTING CO., et al., Appellees.

Court of Appeals of Kentucky.

March 23, 1956.


Attorney(s) appearing for the Case

Wm. H. Abell, Ogden, Galphin & Abell, Louisville, for appellant.

S. L. Greenebaum, Greenebaum, Barnett & Carroll, Louisville, for appellees.


STANLEY, Commissioner.

The case tests the constitutional validity of a provision in the Kentucky Insurance Code, Chapter 304, Kentucky Revised Statutes, as amended in 1954, Ch. 200, with respect to the investment by an insurance company of part of its reserve funds in real estate in Kentucky. More particularly, the question relates to the holding of real estate so acquired for a longer period than five years under penalty of escheat.

Section 192 of the Constitution...

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