Brent v. B. E. Brister Sawmill Co.

Citations

• 103 Miss. 876
• 60 So. 1018

Syllabus

<p>1. Corporations. Receivers for solvent corporations. Appointment. Discretion.</p> <p>The chancery court has the jurisdiction to appoint a receiver for a going and solvent corporation at the instance of the minority stockholders on a showing of maladministration, to take charge of the business of the corporation, and if it is shown to the court to be necessary, to wind up such business.</p> <p>2. Receivers. Appointment. Discretion.</p> <p>The matter of the appointment of a receiver pendente lite, as well as a receiver generally, is committed to the sound discretion of the court. The necessity for such an appointment should be clear, and the court in making it should move with due care and in full consideration of the interest of all parties concerned.</p>