Murrell v. Jupiter Corp.

The appellant, intervenor in the trial court seeks review of an adverse summary final judgment entered in an action whereby the appellee, Jupiter Corporation, sought appointment of a receiver and liqui*551dation of the assets of the appellee, Florida Exploration Company.

The record on appeal reveals that in 1949 or 1950 certain individuals formed the Florida Exploration Company in an attempt to settle business problems. In 1953, Commonwealth Oil Company, which by way of merger has become part of the ap-pellee-Jupiter Corporation, owned 65% of the stock of Florida Exploration. As the latter…