U.S. Supreme Court PENN CO. v. PENNSYLVANIA, 294 U.S. 189 (1935)

[Page 294 U.S. 189, 199]

had authority to proceed with the cause for that purpose, the Supreme Court of the commonwealth erred in affirming so much of the decree of the court of common pleas as directed the insurance commissioner to take possession of the business and property of the company, and so far as it affirmed the order of that court which enjoined the company from surrendering its books, records, and assets to any person other than the commissioner, and enjoined others from taking possession of them. The decree must accordingly be reversed and the cause remanded for further proceedings not inconsistent with this opinion, but without prejudice to an application by the commissioner to the District Court for an order relinquishing its jurisdiction over the property of the company and vacating its injunction against surrender of it to the commissioner for liquidation under the Insurance Department Law of the State. See No. 394, Commonwealth of Pennsylvania v. Williams et al., supra.

Reversed.