Duval v. Severson

Mr. PRESIDING JUSTICE STAMOS

delivered the opinion of the court:

Plaintiffs filed a complaint alleging breach of a preincorporation agreement. The trial court granted plaintiffs motions for preliminary injunctions and appointed a receiver pendente lite. From the orders of the trial court, defendants have filed two interlocutory appeals which have been consolidated. Defendants contend that the trial court incorrectly construed the agreement and abused its discretion by entering the preliminary injunctions and appointing a receiver.

Prior to April 1, 1971, Burt Severson was the sole proprietor and…