Aubin v. Territorial Mortgage Co. of America

OPINION

MORSE, Justice.

This is an interlocutory appeal from an order appointing a receiver for the assets and business of MA Financial Corporation and from an order striking the appearance of the firm of Susman & McGowan as attorneys for said corporation. Finding no unconstitutionality on the face of or in the application of Tex.Bus.Corp.Act Ann. art. 7.05 (Vernon 1980), or in the exercise of the equity jurisdiction of the trial court in appointing such receiver to conserve the assets of the corporation and avoid damage to the parties at interest and to determine whether or not the corporation…