Allied Magnet Wire Corp. v. Tuttle

This is an appeal from an order of the court below appointing a receiver for appellant on complaint of appellee, a preferred stockholder. This suit was the outcome of appellant’s failure to pay a dividend on its preferred stock for more than ninety days after the date appellee claims he was entitled to receive it. A demurrer to the complaint for want of facts was overruled, and this ruling is assigned as error.

• Appellee rests his cause of complaint upon alleged contractual rights given him in his stock certificate and appellant’s articles of incorporation. From briefs of counsel and from…