Nacol v. State

OPINION

ROBERTSON, Justice.

This case arises out of a suit brought by the State of Texas seeking the appointment of a receiver for ARMS of America (Multiple Sclerosis Research) Limited (“ARMS”) and injunctive relief. Within two years after being funded with over $1 million, ARMS maintained a cash balance of $100,-000 with expenses of $50,000 per month. The attorney general sought to place ARMS in receivership to determine if the organization could be restructured. The receiver found that ARMS could not be restructured and should be dissolved. In fourteen points of error, Nacol and Blackwell,…