Cappel v. Liberty Lumber Yard, Inc.

Calvin D. Cappel, a stockholder of the Liberty Lumber Yard, Inc., a Louisiana corporation domiciled in the city of New Orleans, applied in the civil district court for the parish of Orleans for the appointment of a receiver for said company, alleging that its directors and officers are jeopardizing the rights of the stockholders and creditors by grossly mismanaging its business.

The Liberty Lumber Yard, Inc., was cited to show cause on October 23, 1929, why a receiver should not be appointed to take charge of and administer its affairs.

Defendant filed an exception of prematurity, and also an…