Is continental casualty liquidating
24, 1892 p.6.) Babcock and Fiske were the only directors from the old company. From: The Columbia Encyclopedia, Sixth Edition, 2007.) Circa 1914, Baker was the third largest stockholder in the National Bank of Commerce, after the Equitable Life and the Mutual Life; the largest stockholder in the Chase National, the First National; and the second largest in the Liberty National, after E. In this case, the company, which has no employees and whose sole remaining asset is its insurance, is looking to set up a trust that will pay only current claims.“It is not the Debtor’s intention to treat so-called future claims or demands,” Stein wrote in his Aug. “To resolve current claims, the Debtor intends to seek approval of the insurance settlement agreements and confirmation of a chapter 11 plan of liquidation as soon as practicable.State bond principals and claimants should remember, however, that the Little Miller Acts in each state vary slightly and that state courts are not required to follow federal courts.
State courts interpreting their own Little Miller Acts will often look to federal case law for guidance.A general contractor could require a performance bond from a subcontractor. The Miller Act requires performance and payment bonds for the “construction, alteration, or repair of any public building or public work of the United States.” Payment and performance bonds are required for any contract for the construction, alteration or repair of any public building or public work of the United States that is for an amount greater than 0,000. Most states have similar laws for state and municipal projects.Whoever requires the bond is the “obligee,” who is the only beneficiary of the bond. These state laws are similar to the federal Miller Act and are referred to as “Little Miller Act” statutes. was the fifth largest stockholder in the First National. Also in 1879, his sister Elizabeth was married to tobacco financier Grant B. Baker was a director of the Farmers Loan and Trust Company from at least 1900 to 1913. Woolley were directors of the First National Bank and National Safe Deposit Company along with Baker in 1910. Rogers, was the ringleader of the Mutual Insurance takeover. Baker Jr., contributed million in 1920 to rebuild Lying-In Hospital. Baker 3d is the fourth generation of the family to serve on the hospital's board of governors.