Hines v. Plante

OPINION

This appeal is taken from an order appointing a receiver, and from an order denying a motion to terminate the receivership. For the reasons stated below, we believe that the district court committed reversible error in establishing and maintaining the receivership, and we therefore reverse and remand.

In May, 1977, appellant Hines and respondents (hereinafter Plante) entered into an agreement whereby Plante transferred certain mining rights under an existing lease arrangement, to the Plumbago Mining Corporation (hereinafter Plumbago). In return, Plante received forty-six percent of the…