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  5. 299 S.W.2d 163 (1957)
 

JOHN L. HAMMOND LIFE INSURANCE COMPANY v. STATE

No. 10460.

299 S.W.2d 163 (1957)

JOHN L. HAMMOND LIFE INSURANCE COMPANY et al., Appellants, v. The STATE of Texas, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied March 6, 1957.

Attorney(s) appearing for the Case

Chaney & Harless, Dallas, for appellants.

John Ben Shepperd, Atty. Gen., Will D. Davis, Asst. Atty. Gen., V. F. Taylor, Austin, of counsel, for appellee.

HUGHES, Justice.

This suit was instituted by the Attorney General of Texas on behalf of the State and at the specific request of the Board of Insurance Commissioners of Texas. It was in the nature of quo warranto and had for its purpose the cancellation of the charter and other permits and privileges of the John L. Hammond Life Insurance Company, a Texas insurance corporation, and the liquidation of its affairs.

The named company, its officers and directors...

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