Tulsa Torpedo Co. v. Kennedy

This is an appeal from a judgment refusing to vacate the appointment of a receiver.

The trial court, without notice, upon the petition of Kennedy and Weister, minority stockholders, which petition was verified only upon information and belief, appointed a receiver for the Tulsa Torpedo Company, a corporation. The petition did not allege insolvency as a ground for the appointment, and there was no allegation of an emergency so great as to warrant procedure without notice. The defendants below, Tulsa Torpedo Company, W. J. Donnell, W. B. Blair, and Gertrude Donnell, moved to vacate the order…