Lubbock Independent School Dist. v. Lubbock Hotel Co.

The petition on which the district court of Dallas county appointed a receiver to take charge - of and administer the properties of the Lubbock Hotel Company, a corporation, in the writer’s opinion, discloses a preconceived and prearranged plan of the hotel company and its board of directors, in using a friendly junior lien holder in derogation of the rights and privileges of creditors and prior lien holders, to circumvent the statutes fixing jurisdiction of suits for the appointment of receivers for corporations, and to i>rohibit corporations from applying for re-ceiverships.

Article 2318, R.…