Security Life Accident Ins. Co. v. Carlovitz

BROWN, Justice.

The bill in this case was filed by Carlovitz, Taylor and Congleton as minority stockholders against Security Life and Accident Insurance Company, a corporation organized under the statutes of this state in April, 1946, Title 28, § 245 et seq., Code of 1940, seeking injunctive relief, the appointment of a receiver and final dissolution of the corporation and the distribution of its assets. All the stockholders other than the complainants are made parties defendant with the corporation.

It appears from the allegations of the bill and the proof that the incorporators, fourteen in…