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CENTRAL STANDARD LIFE INS. CO. v. GARDNER

Gen. No. 47,325.

19 Ill. App.2d 431 (1958)

154 N.E.2d 316

Central Standard Life Insurance Company, an Illinois Corporation, Individually, and as Successor Trustee, Under a Trust Created November 19, 1929, Plaintiff-Appellee, v. Ray P. Gardner, et al., Defendants-Appellants.

Appellate Court of Illinois — First District, Second Division.

Released for publication December 16, 1958.

Attorney(s) appearing for the Case

Robert J. Clendenin and Winston, Strawn, Smith & Peterson, of Chicago (Robert J. Clendenin, George B. Christensen, Edward J. Wendrow, of counsel) for appellants.

Edward L.S. Arkema, of Chicago, for Class 1 policyholders-appellees.

Vernon R. Loucks, James L. Henry, of Chicago (Charles O. Loucks, Clarkson W. Loucks, of counsel) for Central Standard Life Insurance Co., plaintiff-appellee.

PRESIDING JUSTICE LEWE delivered the opinion of the court.

Central Standard Life Insurance Company filed a complaint in chancery seeking leave to dispose of certain trust assets and requesting an approval of its accounting of the trust funds available to pay defendants' assessment policies as they become due and that an actuary be appointed to determine the increase in premiums necessary to meet all obligations on these policies.

The cause was referred to...

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