Varnado v. Banner Cotton Oil Co.
Supreme Court of Louisiana
Appeal from Twenty-Fifth Judicial District Court, Parish of Tangipahoa; Robert S. Ellis, Judge. Action by O. D. Varnado and others against the Banner Cotton Oil Company and others in which certain parties intervened. Judgment for plaintiffs, and defendants and interveners appeal.
1Opinion of the CourtLand, J.
Plaintiffs, minority stockholders, petitioned for the appointment of a receiver. The corporate officials, joined by the majority stockholders as interveners, contested the necessity and legality of the proposed appointment.
The court appointed the Amite Bank & Trust Company as receiver, and the defendants and interveners have appealed.
The corporation was organized in March, *5911907. In the summer of 190S, the entire plant, except the engine, boiler presses, and a few buildings, was destroyed by fire. The loss was adjusted, and $28,500 paid to the corporation. Later, the engine, boiler, and…
2Cited by8 opinions
- McDougall v. Huntingdon & Broad Top R. & C. Co.Supreme Court of Pennsylvania · 1928
- Carter v. Hi Nabor Super Market, LLCLouisiana Court of Appeal · 2014
- BancorpSouth Bank v. Kleinpeter Trace, L.L.C.Louisiana Court of Appeal · 2014
- In re Receivership of Webre-Steib Co.Supreme Court of Louisiana · 1914
- Katten v. Merchants & Planters BankSupreme Court of Louisiana · 1945
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