The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-10-23
STATE OF MAINE.
Cumberland, SIS.

Supreme Judicial Court.
In Equity.
stephen W. Carr, Insurance Commissioner
VS.. Provident Aid Society.
To the supreme judicial Court;
stephen v. Carr of BowG olnham In me
missioner of the state OF lialne, complains
against the p1ovident Aid Society, a eorpo-
ration duly established by law, and having
County of Cumberland, and says.
1.-Ihat your complainant is the duly ap-
pointed and qualified insurance commas
sioner of the State of Maine.
2.-That said Provident Aid Society is
domestic lite insurance company, organized
and existing by virtue of its act OF lncorpo,
ration, Cuapter 505 OF Inc frlVate an"
Special Laws of 1889.
and believes, ON the ~ day Of August,
1895, meeting Of the memb bsTd pi s ysid
Portland for the purpose OF determining
whether said Provident Aid Society would
reinsure it's risks in the bay State Eene-
ficiary Association, a corporation duly
established by law and having It's principal
place of business in Boston IN the county
OF Suffolk and Commonwealth OF Massacnu-
setts, under the conditions speclheu In
certain proposition made by salq Bay state
Beneficiary Association and dated July
10th, 1895.
bers present at said meeting voted in favor
of said reinsurance, and that said PIovi-
dent Aid Society thereafter took steps TO
. carly SHlu NOt6 lutO eAcOt.
4-That as your complainant is informed
and believes, said Provident Aid Society
has reinsured Its risks 80 lar AS possible
with said Bay State beneficiary Association
and discontinued business.
5.-That there accrued indemnity claims
upon certificates and policies of said corpo,
ration, which are indeh Unite ana unauJusIea
in amount to your complainant unknown,
a IL of which are outstanding ana unpaiu,
and that there are debts due from said
corporation to its ofhcers ana others IN
4 m nj iuant unknown.
6.-That, as your complainant Is INFORMED
and believes, said corporation has an ex-
hausted portion of its reserve AID mortuary
funds in the HANDS Of the Treasurer of tie
state of Maine, amounting to about len
thousand dollars t$l0,0OW. and that 1t Is Tor
the interest of all parties concerned thaI a
receiver be appointed to collect ana holo
the assets of said corporation for rataple
distribution among all parties legally or
euuit auly entitled thereto.
Your complainant further AYERS that
inasumch as said corporation has d1scon-
tinued business, it is for the best interest
of all concerned that the same be wound
up and it's existence ended.
WHEREFORE. your complainant prayss
THAT temporary injunction may ISSUE
restraining said Proyident Aid Society, Its
servants and agents, In whole OF h ID part
2.-rhat process OF subpoena may De
issued directing said defendant to appear
| on q day Gel tain and answer al anu
singular the premises.
3.-1hat after due hearing had, perma,,
nent Injunction may issue restraining said
defendant lis agents ard servants. IN
whole or in part. from proceeding further
wit its business.
4.-That after due hearing had, Re-
ceiyer may be appointed to take possession
Of the property and assets o: said corpora ora,
| said property and assets may pc converted
into cash and:a rataole Distribution thereof
% enS9a b SmonE sh1 thepsto
5.-That said defendant corporation lS may
6.-That such further equitable relief may
be granted as the Court may deem
Necessary, to the end that the best interests
| Of all parties concern ed may be conserved
and their rights protected.
| 7.-That such orders, notices and DEGREES
may be made by the Court as may be
necessary to carry into effect the prayers of
the complainant herein before set forth.
Dated this 18th day of October. A. ID.
1895.
STEPHEN ". CARR,
Insurance Commissioners.
LESLIE @. CORNISH,
Compartments Solicitor.