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BIG ROCK, INC. v. MISSOURI PACIFIC R. CO.

No. 88-1.

749 S.W.2d 675 (1988)

295 Ark. 495

BIG ROCK, INC., d/b/a Criss & Shaver Ready Mix Concrete, Appellant, v. MISSOURI PACIFIC RAILROAD COMPANY and Robert Eubanks, Arkansas Insurance Commissioner, Appellee.

Supreme Court of Arkansas.

May 16, 1988.

Attorney(s) appearing for the Case

Victor A. Fleming, Little Rock, for appellant.

Herschel H. Friday, Michael G. Thompson, James C. Baker, Jr., Little Rock, for appellee.

GLAZE, Justice.

The appellee, Arkansas Insurance Commissioner (Commissioner), initiated this delinquency proceeding in the Pulaski County Circuit Court pursuant to Ark.Code Ann. § 23-68-103 (1987), requesting that the Commissioner be appointed ancillary receiver for the purpose of liquidating Northeastern Fire Insurance Company's (Northeastern's) business in Arkansas. Northeastern was a Pennsylvania company, and its sole asset in this state was a qualifying bond...

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