Louisville Gayety Theater Co. v. Ragan

Opinion of the Court by

Judge Thomas —

Reversing.

On January 26, 1917, the appellee, H. C. Ragan, was by the order of the Jefferson circuit court appointed receiver for Adger Amusement Company, a corporation with a capital stock of $2,000.00. The appointment was made pursuant to a motion made for that purpose in the suit of Charles Beute v. The Adger. Amusement Company and its other stockholders, which suit was filed to obtain the appointment of a receiver for the corporate defendant.

It was alleged in the petition that the corporation had been organized for the purpose of leasing and operating…