Balias v. Balias, Inc.

OPINION ON MOTIONS FOR REHEARING

ELLIS, Justice.

We grant both parties’ motions for rehearing, withdraw our opinion of July 23, 1987, and substitute the following.

Appellant, Demetrios P. Balias, filed suit pursuant to Tex.Bus.Corp.Act Ann. arts. 12.52 & 7.05 (Vernon 1980 & Supp.1988). He petitioned the trial court to appoint a receiver to rehabilitate the appellee corporation, Balias, Inc., a Texas statutory close corporation. The trial court entered judgment denying the request. We affirm.

We first address the question of our jurisdiction to hear this appeal. As a general rule, an appellate…