State v. Dyer

On December 1, 1915, Arch MacDonald filed suit for debt against Texas Loan & Guaranty Co., a Texas corporation, in the district court of Harris County, and prayed for the immediate appointment of a receiver, alleging that the corporation wás insolvent. The court on the same day entered an order appointing a receiver. The question here presented is whether that order dissolved the corporation.

This action was brought by the State of Texas .as an intervention in the receivership suit, which is still pending, for recovery of judgment against the corporation and its receiver, Frank G. Dyer, for…