Liddell v. Smith

HOFFMAN, JUSTICE.

The defendants appeal from an order of the trial court, entered March 27, 1963, appointing a receiver, pendente lite, to take charge of the assets of defendant Sherwood Land Company, a corporation.

Plaintiff Harold Liddell filed a verified complaint alleging fraudulent conduct of defendant Noel Smith and praying for the liquidation and dissolution of the corporation in which he and Noel Smith owned the stock. In his suit, he also asked for an injunction restraining the transfer of the property of the Sherwood Company and restraining certain of the defendants from foreclosing…