PREFERRED INSURANCE COMPANY v. BENTLEY

24336.

223 Ga. 735 (1967)

157 S.E.2d 737

PREFERRED INSURANCE COMPANY v. BENTLEY, Commissioner, et al.

Supreme Court of Georgia.

Decided October 20, 1967.

Rehearing Denied November 9, 1967.


Attorney(s) appearing for the Case

Vandiver, Barwick & Bentley, John E. Talmadge, Edward J. Stoddard, M. Cook Barwick, for appellant.

Hatcher, Meyerson, Oxford & Irvin, Henry M. Hatcher, Jr., Poole, Pearce & Cooper, Walter G. Cooper, Kilpatrick, Cody, Rogers, McClatchey & Regenstein, W. G. Vance, Claude M. Hicks, A. R. Barksdale, Coy Johnson, for appellees.


GRICE, Justice.

We must affirm the trial court's judgment that the deposits made with this state by a Michigan insurance company, now in receivership, be held for the benefit of all Georgia claimants, and the balance of such deposits, if any, after all such claims have been liquidated, be paid to the domiciliary receiver.

The only provision in Georgia law for transferring deposits made with this state by a foreign insurance company to the domiciliary receiver...

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