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IN TNE CIRGUIT COURT OF THF.
31~'~'4 ~ sECOND JUDICI~'~L CIRCUIT, I~
~ .
~ ~ AND FOR LEO~ COUNTY, FLORIDA
- CIVIL ACTION ~0. 7S-17`O1
. , ~
STATE OF r'LORIDA, ex rel. )
. The Department of Insurance~ -
Relator, ~
~ ~
vs. -
. )
TNE SCIiOLARSHIP CLUB, INC.; •
a Florida corporation not )
for profit, authorized to ~ ~
transsct a scholarship plan )
bus~a~ss in tl~e State of
Florida, . ~
Respondent. )
~ ORDER APPOINTING RECEIVER FOR
PURPOSES OF LIQUIDATION
~
THIS CAUSE came on to be heard this day upon this Court's
Order previously entered on August 12, 1975, directing the Respondent,
the Scholarship Club, Inc.~ to show cause, if any there be, why the
Relator, the Florida Department of Insurance, should not be appointed
RP__['PiVr~r nF iiJ ^yT~Y~sij~ o~ic's aii~l~S ~~Y the purpose o~ liquidation;
and, the Court having considered all of the testimony of witnesses, the
; .
` evidence submitted, the argument of counsel and being fully advised in
~
, ,
€ these premises finds that: . .
1. The Respondent, Scholarship C1ub, Inc., is a Florida
~ {
~ corporation not for profit with its principal place of business in
Palmetto, Manatee County, Florida, which corporation is authorized to
; transact a scholarship plan business in the State of Florida under a
~ subsisting certificate of authority granted it by the Florida Department
;
~ of Insurance pursuant to the provisions of Section 617.55, Florida
i
Statutes.
I
~ 2. The Relator, Florida Department of Insurance, is
~
authoriz~d, pursuant to the provisions ~f Section 617.60, Florida
Statutes, to bring proceedings in the Circuit Court in and for Leon ~
County, Florida for the liquidation of such scholarship plan corporation
s
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~ ~~o~ 243 ~ 7y7
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7 . ~ r~~. ;