Racoby v. People's Furniture Co.

This is an appeal from a judgment, rejecting plaintiff’s demand for the appointment of a receiver. Plaintiff’s cause of action rests upon allegations showing that she is the owner of 20 shares of stock in the People’s Furniture Company, Inc., the defendant herein; that the remaining shares of stock outstanding, with the exception of 3 qualifying shares, are owned by Morris Kirsehman; that a meeting of stockholders has not been held since June 24, 1930, and none since then for the election of a board of directors; that no meeting of the board of directors has been held since that date, with…