Lone Star Industries, Inc. v. Ready Mixed Concrete of Wilmington, Inc.

PHILLIPS, Judge.

In this action, filed in 1974, judgment for $55,191.15 was rendered against the defendant in 1977. The judgment has not *309been satisfied, and, after various proceedings irrelevant to this appeal, on July 23, 1982, pursuant to plaintiffs verified motion, Judge Peel entered an order appointing a receiver for the defendant corporation under the provisions of G.S. 1-363 and related statutes. From that order Derwood H. Godwin and W. Glenn Pleasant appealed and assigned as error that the law does not authorize the appointment of a receiver under the circumstances recorded. So far as…