BOYCE v. WILLIAMS


389 S.W.2d 272 (1965)

James D. BOYCE, R.T. Matthews, Ray Williams and Barry M. Carter, Appellants, v. Albert WILLIAMS, Commissioner of Insurance and Banking of the State of Tennessee, University National Life Insurance Company and South Coast Life Insurance Company, Appellees.

Supreme Court of Tennessee.

April 7, 1965.


Attorney(s) appearing for the Case

Taylor & Taylor, Memphis, Denney, Leftwich & Lackey, Nashville, for appellants.

John Heiskell, Memphis, Marne S. Matherne, Asst. Atty. Gen., Nashville, for appellees.


CHATTIN, Justice.

Complainants below, appellants here, were stockholders of University National Life Insurance Company, a Tennessee corporation, prior to its merger with South Coast Life Insurance Company, a Texas corporation. Appellants, with other stockholders of University, protested the merger.

University and South Coast entered into an agreement to merge or consolidate under the laws of Texas.

The defendant...

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