Carey v. Dalgarn Const. Co.

This is an application by one of the three stockholders of the Dalgarn Construction Company, Inc., to have a receiver appointed under the provisions of Act No. 159 of 1898, and, in the alternative, for an involuntary dissolution of said corporation, and a -judicial liquidation under the provisions of Act No. 250 of 192S.

The principal ground on which the application is made, is that the other two directors and stockholders have grossly mismanaged the affairs of the corporation, have misused, misapplied, and dissipated the funds to such an extent as to jeopardize and endanger the rights and…