Prince v. Forman

LOONEY, Justice.

The proceedings ante-dating and producing this appeal are these: the Attorney General of the State filed suit in the court below against the Lloyds of Texas, the individual subscribers and their attorneys in fact to wind up the affairs of the exchange on the ground that it was insolvent, and as an ancillary remedy sought the appointment of a receiver. On May 16, 1930 the court below appointed W. D. Prince receiver, with full authority to take charge of all assets of the exchange, collect past-due accounts, and, as ordered by the court from time to time, to do and perform other…