Hero v. Consumers' Lumber Mfg. & Export Co.

Citations

• 123 La. 359
• 48 So. 989
• 1909 La. LEXIS 710

Syllabus

<p>1. Corporations (§ 553*) — Receiver—Right op Stockholder to.</p> <p>A receiver will not be appointed on the petition of a stockholder; it not satisfactorily appearing that the officers mismanaged or misused the funds or other property of the corporation.</p> <p>[Ed. Note. — For other cases, see Corporations, Dec. Dig. § 553.*]</p> <p>2. Corporations (§ 553*) — Receiver—Right op Stockholder to.</p> <p>The remedy, if the complaint is well founded, can be found in the charter, which authorizes liquidation of the company’s affairs by commissioners.</p> <p>[Ed. Note. — For other cases, see Corporations. Dec. Dig. § 553.*]</p> <p>(Syllabus by the Court.)</p>