Case ID: thomp-cook_1/html/0013-02.html
Source: Caselaw Access Project
Author: {"author": "Boardman, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Sands, receiver, v. Graves, appellant.
    
      Evidence—presumption of insolvency.
    
    A judgment appointing a receiver for an insurance company is sufficient evidence in an action by such receiver, upon a premium note held by the company, that the assets of the company are not enough to pay its liabilities, and would raise a presumption that the whole of the premium note would be required for that purpose.
    (In respect to excessive assessments, the court held the same as in Sands v Son, upon a like state of facts.)
   Boardman, J.

Judgment affirmed.