Humble Exploration Co. v. Fairway Land Co.

CARVER, Justice.

Humble Exploration Company, Inc., prosecutes this interlocutory appeal under the authority of Article 2250, Tex.Rev.Civ.Stat. (1971) seeking to vacate the appointment of a receiver for itself, and its assets and its business, granted upon the application of Fairway Land Company, a Texas limited partnership, and eleven other Texas limited partnerships.1 We vacate the receiver’s appointment because the evidence failed to support the existence of the specific statutory grounds set out in Article 7.05, Tex. *936Bus.Corp.Act Ann. (Vernon 1980) and because the appointment was…