Humble Exploration Co. v. Fairway Land Co.

*941ON MOTION FOR REHEARING

I respectfully dissent. I would grant the appellee’s motion for rehearing and affirm the appointment of a receiver.

The record reflects that on May 28, the trial court made all of the determinations required by article 7.05 of the Business Corporation Act. The trial court was required to find, and did find: (1) that all other requirements of law were complied with by the petitioner; (2) that all other remedies available at law or in equity were inadequate; and (3) that this was an action where receiver had heretofore been appointed by usages of the court of equity.…