State ex rel. Jones v. Burnett

*630OPINION

HARBISON, Chief Justice.

This action was instituted on January 5, 1982, for the purpose of dissolving a closely held corporation through the appointment of a receiver. The action was brought as a quo warranto suit pursuant to the provisions of T.C.A. § 29-35-101.1 It was admitted in the pleadings that the stock of the corporation was equally held by Ray Jones and Edgar L. Burnett; that the parties had reached a deadlock in the management of the affairs of the business; and that the appointment of a receiver was appropriate. Many years ago, this Court held:

Under circumstances like these,…