Koch v. St. Charles Hotel Co.

Citations

• 22 Ohio C.C. Dec. 581

Syllabus

<p>INSURANCE — RECEIVERS.</p> <p>1. Créditos, Having Leave, may Assert Claim by Proper Motion in Action for Receiver of Insolvent Corporation.</p> <p>In an action against an insolvent corporation for a receiver and tbe winding up of its affairs, a creditor may come in by leave-of court and assert bis claim by a motion in proper form.</p> <p>2. Receiver is Chargeable with Cost of Insurance for Balance or Term of Policy for which Premium Note Previously Given.</p> <p>Where a promissory note is given for insurance, it does not constitute payment of tbe premium, but during tbe term of tbe insurance is a mere evidence of indebtedness arising under a contract not yet completed; and where a receiver comes in and takes possession of tbe property covered by tbe insurance, be' is chargeable with tbe cost thereof for tbe Remainder of the term tbe policies have to run.</p>