Joy v. North Texas Compress & Warehouse Co.

McDONALD, Chief Justice.

Appellant brought suit against appellee, a corporation, alleging that the affairs of the corporation had been mismanaged by the majority stockholders; and that as a result the corporation was insolvent or in imminent danger of insolvency, and plaintiffs stock, of the par value of $12,000, had been rendered worthless. Plaintiff sought to recover his alleged damages from the corporation, and prayed for the appointment of a receiver to manage the affairs of the corporation. Defendant filed a pica in abatement, asserting: (1) That the persons intended to be charged with…