Mueller v. Beamalloy, Inc.

OPINION

TIM TAFT, Justice.

This is an appeal from an interlocutory order appointing a receiver to liquidate a corporation. See Tex. Civ. PRAC. & Rem. Code Ann. § 51.014(a)(1) (Vernon Supp. 1999). Appellant, Allen H. Mueller, a 50% shareholder of Beamalloy, Inc., brings a single point of error. We are asked whether the trial court abused its discretion ordering the corporation liquidated. We reverse and order the liquidating receivership dissolved.

Facts

Mueller and Wilson formed a corporation in 1973, known then as Texsonix, Inc., and known since 1981 as Beamalloy, Inc. Wilson owns 50% of the…