MANHATTAN LIFE INS. CO. v. STEWART


65 Misc.2d 358 (1969)

In the Matter of Manhattan Life Insurance Company, Petitioner, v. Richard E. Stewart, as Superintendent of Insurance of the State of New York, Respondent.

Supreme Court, Special Term, New York County.

May 20, 1969


Attorney(s) appearing for the Case

Royall, Koegel & Wells and O'Connor & Farber for petitioner. Louis J. Lefkowitz, Attorney-General, for respondent.


IRVING H. SAYPOL, J.

In this proceeding (CPLR art. 78) the petitioner moves for judgment directing the respondent Superintendent of Insurance to approve the proposed amendment of petitioner's charter authorizing (1) an increase of its guarantee capital from $6,000,000 to $10,000,000, (2) the number of its authorized guarantee capital shares from $3,000,000 to $5,000,000 and (3) directing the respondent to limit...

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