Mount Hope Finishing Co. v. DAYLOR.

The bill of complaint brought by Mount Hope Finishing Company (Mount Hope) was sustained by the findings and decree of the trial judge as a bill to reach and apply shares of Mount Hope owned by Daylor to his indebtedness to the corporation in the amount of $565,500, with interest.

The bill of complaint brought by Daylor against Mount Hope and two officers and directors, who between them held substantially all of the stock of Mount Hope not held by Daylor, asserted mismanagement of Mount Hope through mismanagement of its one hundred per cent subsidiary, 1 a North Carolina corporation, and…