Michigan Supreme Court March 20, 1926, Docket No. 171. (Grand Rapids Trust Co. v. Geer)

Clark, J.

The facts were stipulated:

“The Peninsular Fire Insurance Company of America was incorporated in the year 1917, under the laws of the State of Michigan. In 1919, it moved its office from Saginaw, Michigan, to Grand Rapids, Michigan, and increased its capital stock to one million dollars ($1,000,000).