Allen v. Llano Del Rio Co.

This is an appeal from a judgment placing defendant in the hands of a receiver, and allowing an attorney’s fee of $2,500 for obtaining the judgment.

The grounds alleged for the appointment are: (1) That defendant is insolvent; (2) that defendánt’s directors are jeopardizing the rights of the stockholders by grossly mismanaging the business of the corporation, by committing acts ultra vires, and by misusing defendant’s property; (8) that its board of directors has committed acts ultra vires, which have caused defendant to be sued for large sums of money, and by abusing and mistreating its…