Anderson v. Anderson

Peterson, Justice.

This is an appeal from an order of the District Court of Hennepin County appointing a liquidating receiver and directing the liquidation of Lakeland Development Corporation responsive to a petition for involuntary dissolution by one of its two stockholders of record, pursuant to Minn. St. 301.49.1 The ultimate question for decision is whether the *434trial court abused its discretion in granting the petition for dissolution under the unusual circumstances of this case.

Lakeland Development Corporation (hereafter referred to as “Lake-land” or the “corporation”) is a Minnesota…