Texarkana College Bowl, Inc. v. Phillips

CHADICK, Justice.

This is a minority stockholder suit. The judgment of the trial court appointing a ■receiver without notice is reversed and the -case remanded to the trial court.

Texarkana College Bowl, Inc., is a corporation domiciled in Bowie County, Texas, and engaged in operating bowling lanes as a business. The appellee, Cecil Phillips, owns 25% of the corporation’s capital stock and the current corporate directors John M. Garvey, C. Ed Mitchell, and Richard J. Schneider own the remainder of the stock in unspecified percentages. The Brunswick Corporation sued Texarkana College Bowl, Inc.,…