Standard Electric Manufacturing Co. v. Tuttle

Statement by

Dausman, J.

This cause has been transferred to this court from the Supreme Court. The appellant is a corporation, and appellee Tuttle is a stockholder therein. *560Tuttle instituted this proceeding for the sole purpose of procuring the appointment of a receiver for the corporation. The grounds on which the appointment of a receiver is asked are that the management of the corporation is incompetent, inefficient, and improvident; that the business is being conducted at a loss; that creditors are threatening to institute actions against the corporation on their claims, and are threatening…