Beeler v. Standard Investment Co.

Citations

• 107 Wash. 442
• 181 P. 896
• 5 A.L.R. 363
• 1919 Wash. LEXIS 756

Syllabus

<p>Corporations (218) •—• Receivers — Grounds — Evidence — Sueeiciency. A receiver for a corporation operating a large dairy .farm should not be appointed upon the ground of the incompetence and mismanagement of the manager and failure to keep proper accounts and make monthly statements, where it appeared conclusively that, although a young man, he was thoroughly qualified, had conducted it in a businesslike manner, making profits of $9,000 more than in any previous year, and all necessary accounts were properly-. kept, the books were open to inspection, and a system of monthly statements would entail much labor.</p> <p>Same (218)—Receivers (3)—Grounds—Discretion. While Rem. Code, § 741,. gives wide discretion to the superior court to appoint receivers, it was not intended to authorize a receiver for a solvent corporation merely because the minority were dissatisfied with the majority, conducting the corporation in good faith.</p>