Official Opinions of the Attorney-General of the Commonwealth of Massachusetts, Volume 1Wright & Potter, 1899 - Attorneys general's opinions |
From inside the book
Results 1-5 of 74
Page 19
... CAPITAL . - St. 1891 , c . 195 , does not require a life insurance company to increase its capital on engaging in the business of accident insurance , if its capital already equals or exceeds the sum of the two capitals required in the ...
... CAPITAL . - St. 1891 , c . 195 , does not require a life insurance company to increase its capital on engaging in the business of accident insurance , if its capital already equals or exceeds the sum of the two capitals required in the ...
Page 20
... capital to the amount now required by law as the capital of such employers ' liability insurance company ; " and adds a new provision , that any foreign or domestic company doing only life insurance within the Commonwealth may take up ...
... capital to the amount now required by law as the capital of such employers ' liability insurance company ; " and adds a new provision , that any foreign or domestic company doing only life insurance within the Commonwealth may take up ...
Page 21
... capital at all , there is no means of knowing what amount should be added . If it were possible to read the requirement thus , " by increasing its capital by the amount now required of the two separate companies , ” etc. , as in my ...
... capital at all , there is no means of knowing what amount should be added . If it were possible to read the requirement thus , " by increasing its capital by the amount now required of the two separate companies , ” etc. , as in my ...
Page 22
... capital is $ 1,250,000 , but which would be required , if it must actually increase its capital , to have a permanent capital in excess of that amount , as a condition of doing the business which other companies may do upon a capital of ...
... capital is $ 1,250,000 , but which would be required , if it must actually increase its capital , to have a permanent capital in excess of that amount , as a condition of doing the business which other companies may do upon a capital of ...
Page 23
... capital equal to the sum of the two capitals required by the two kinds of business re- spectively ; and , as this construction is more readily open upon the terms of the statute itself , and furnishes an intelli- gible and uniform rule ...
... capital equal to the sum of the two capitals required by the two kinds of business re- spectively ; and , as this construction is more readily open upon the terms of the statute itself , and furnishes an intelli- gible and uniform rule ...
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Popular passages
Page 545 - A contract of insurance is an agreement by which one party for a consideration promises to pay money or its equivalent or to do some act of value to the assured upon the destruction, loss or injury of something in which the other party has an interest...
Page 117 - Whenever the executive authority of any State or Territory demands any person as a fugitive from justice, of the executive authority of any State or Territory to which such person has fled, and produces a copy of an indictment found or an affidavit made before a magistrate of any State or Territory, charging the person demanded with having committed treason, felony, or other crime, certified as authentic by the governor or chief magistrate of the State or Territory from whence the person so charged...
Page 428 - All moneys raised by taxation in the towns and cities for the support of public schools, and all moneys which may be appropriated by the commonwealth for the support of common schools shall be applied to, and expended in, no other schools than those which are conducted according to law, under the order and superintendence of the authorities of the town...
Page 58 - Where, under power in a charter, rights have been acquired and become vested, no amendment or alteration of the charter can take away the property or rights which have become vested under a legitimate exercise of the powers granted.
Page 238 - The promotion of the interests of individuals, either in respect of property or business, although it may result incidentally in the advancement of the public welfare, is, in its essential character, a private and not a public object. However certain and great the resulting good to the general public, it does not, by reason of its comparative importance, cease to be incidental.
Page 133 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence.
Page 43 - The expenses of travelling to the general assembly, and returning home, once in every session, and no more, shall be paid by the government, out of the public treasury, to every member who shall attend as seasonably as he can, in the judgment of the house, and does not depart without leave.
Page 193 - AN ACT To establish agricultural experiment stations In connection with the colleges established In the several States under the provisions of an act approved July second, eighteen hundred and sixty-two, and of the acts supplementary thereto...
Page 165 - a contract of Insurance Is an agreement by which one party, for a consideration, promises to pay money or its equivalent, or to do some act of value to the assured upon the destruction or Injury of something in which the other party has an Interest.
Page 314 - No such corporation organized under the laws of this state shall transfer its risks to or re-insure them in any other corporation unless the contract of transfer or reinsurance is first submitted to and approved by a two-thirds vote of a meeting of the insured called to consider the same, of which meeting a written or printed notice shall be mailed to each member, certificate holder or policyholder at least thirty days before the day fixed for such meeting.