Cameron v. Groveland Improvement Co.

Citations

• 20 Wash. 169
• 54 P. 1128
• 1898 Wash. LEXIS 491

Syllabus

<p>RECEIVERS—APPOINTMENT PENDENTE LITE — REVIEW ON APPEAL— PLEADING—MISMANAGEMENT OP CORPORATION.</p> <p>The appointment of a receiver pendente lite is a matter within the sound discretion oí the trial court, and its action will not be interfered with on appeal, when it is a question of the mere weight of evidence.</p> <p>The interposition of a sworn answer denying all the equities of plaintiffs’ complaint, which entitles them to the appointment of a receiver pendente lite, will not raise a prima facie case in favor of defendants, unless such answer is full and responsive to all the material allegations of the complaint.</p> <p>Where the property of a corporation is being mismanaged, and is in danger of being lost to the stockholders and creditors through the collusion and fraud of its officers and directors, or mismanagement and waste, courts of equity have inherent power to appoint receivers.</p>