Greene v. People ex rel. Pavey

Citations

• 150 Ill. 513
• 37 N.E. 842

Syllabus

<p>Corporation — individúala usurping corporate powers. An association or number of persons in the business of insurance, by professedly limiting their liability to the amount of money contributed by each, and assuming to give perpetuity to the business by making membership certificates transferable by the assignment of the member or his personal representatives, will thereby act as a corporation, and will be liable to judgment of ouster. And the fact that such persons may be held individually liable upon policies of insurance which they may have issued, will not relieve them of the charge of having acted as a corporation.</p>