Bowman v. Gum, Incorporated

Opinion by

Mr. Justice Linn,

Defendants appeal from an order appointing a temporary receiver for a solvent business corporation, Gum, Incorporated. The appointment was made after preliminary hearing on a bill, 1 filed by a shareholder owning one-half the capital stock, alleging a conspiracy on the part of defendants 2 to conduct the affairs of the corporation in their own, instead of the corporate, interest.

The plaintiff, J. Warren Bowman, on and prior to December, 1930, trading as By-Gum Company, was engaged in the manufacture and sale of chewing gum. The insoluble chewing gum base, or…