Frantz v. Templeman Oil Corp.

The Chancellor.

The present motion cannot be sustained unless the complainants occupy the status of stockholders or creditors of the corporation, for it is only to persons occupying such status that the statute accords the right to seek a receiver on the ground of insolvency. While the answer denies that any of the *204complainants sustain the relation of- stockholder or creditor, yet the showing made by the affidavits warrants the conclusion for the present purpose that all the complainants are stockholders and that Frantz, Jr., is a creditor. Indeed Frantz, Jr., since the hearing on the motion,…