In re Receivership of Webre-Steib Co.
Supreme Court of Louisiana
Appeal from Twenty-Seventh Judicial District Court, Parish of St. James; Charles T. Wortham, Judge. In the matter of the receivership of Webre-Steib Company, Limited. Erom a judgment denying application for appointment of a receiver, the applicants appeal. Reversed and remanded, with directions.
1Opinion of the Court
Statement of the Case.
MONROE, C. J.
A minority of the stockholders of Webre-Steib Company, Limited, consisting of seven women and three men, and holding 580, out of 2,100, .shares of the stock of the company, of the par value of $25 each, prosecute an appeal in this case from a judgment denying their application for the appointment of a-receiver.
They allege, in substance, that the majority of the stockholders, by grossly mismanaging the business of the company, through the officers elected by them, and by the ultra vires acts of such officers, are violating and jeopardizing their rights and…
2Cases cited8 opinions
- Exchange Bank of Wewoka v. BaileySupreme Court of Oklahoma · 1911
- Davies v. Monroe Water Works & Light Co.Supreme Court of Louisiana · 1901
- Kerlin v. Bryceland Lumber Co.Supreme Court of Louisiana · 1914
- Varnado v. Banner Cotton Oil Co.Supreme Court of Louisiana · 1910
- Brock v. Automobile Livery & Sales Co.Supreme Court of Louisiana · 1912
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3Cited by8 opinions
- Louisiana World Exposition v. Federal Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
- Andreoli v. Natural Gas Co.New Jersey Superior Court Appellate Division · 1959
- Fireplace Shop, Inc. v. Fireplace Shop of Lafayette, Inc.Louisiana Court of Appeal · 1981
- Fincher v. Claiborne Butane Co., Inc.Louisiana Court of Appeal · 1977
- West v. Certified Credit CorporationLouisiana Court of Appeal · 1964
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