Boney, Insurance Comr. v. . Odd Fellows
This text of 156 S.E. 493 (Boney, Insurance Comr. v. . Odd Fellows) is published on Counsel Stack Legal Research, covering Supreme Court of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
This is a proceeding for the dissolution of the defendant under C. S., 6524 on the alleged ground that it is doing business upon inadequate rates, is unable to meet its obligations, delays settlement of its claims, and is practically insolvent. The defendant denies these and other material allegations in the complaint and avers that it is an incorporated association of local lodges of a society which for more than fifty years has been and is now doing a business in this State and providing for the payment of death benefits not exceeding five hundred dollars to any one person. In his reply the plaintiff admits this allegation and in the judgment it is set forth as one of the findings of fact. Upon this admission and finding the trial court adjudged that articles 24 and 25 of chapter 106 of the Consolidated Statutes, under which the action was brought, do not affect or apply to the defendant. The judgment accords with the express provision of C. S., 6518, by which the defendant is exempted from the provisions of these statutes.
Judgment affirmed. *Page 332 Blank Page *Page 333
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Cite This Page — Counsel Stack
156 S.E. 493, 200 N.C. 331, 1931 N.C. LEXIS 319, Counsel Stack Legal Research, https://law.counselstack.com/opinion/boney-insurance-comr-v-odd-fellows-nc-1931.