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RESOLUTE INSURANCE COMPANY v. STATE OF NORTH CAROLINA

No. 12156.

397 F.2d 586 (1968)

RESOLUTE INSURANCE COMPANY, Appellant, v. STATE OF NORTH CAROLINA, Edwin Lanier, Commissioner of Insurance of North Carolina, Union County, and Union County Board of Education, Appellees.

United States Court of Appeals Fourth Circuit.

Decided June 20, 1968.

Certiorari Denied December 9, 1968.

Attorney(s) appearing for the Case

George W. Miller, Jr., Durham, N. C., for appellant.

Ralph Moody, Raleigh, N. C., and C. Frank Griffin, Monroe, N. C., Staff Attys., Office of the Atty. Gen. of North Carolina (Thomas Wade Bruton, Atty. Gen of North Carolina, on the brief) for appellees.

Before BOREMAN, BRYAN and BUTZNER, Circuit Judges.

Certiorari Denied December 9, 1968. See 89 S.Ct. 446.

BOREMAN, Circuit Judge:

Resolute Insurance Company (hereafter Resolute) brought this action in the district court seeking an injunction to restrain the selling of certain of its securities on deposit with the North Carolina Department of Insurance. The purpose of the proposed sale was to satisfy state court judgments against Resolute in the amount of $32,500.00, resulting from the forfeiture of appearance...

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