Moe v. Royal Life Insurance

199 Ill. App. 305
Appellate Court of Illinois·Decided April 28, 1916·No. Gen. No. 22,471·Published

Opinion

Mr. Presiding Justice Gridley

delivered the opinion of the court.

Abstract of the Decision. 1. Appeal and error, § 350*—when corporation may appeal from order appointing receiver. Where, on a hill by stockholders of a corporation on behalf of themselves and other stockholders against the corporation and its directors and officers, an order is entered appointing a receiver of the corporation pendente lite, the corporation may appeal therefrom. 2. Corporations, § 561*—when interlocutory order appointing receiver pendente lite not reversed for lack of notice. The fact that on a bill by stockholders of a corporation on behalf of themselves and other stockholders against the corporation, its directors and officers an interlocutory order is entered, without notice to the corporation, appointing a receiver for it pendente lite is not ground for reversing the order where it appears that after the appointment of the receiver the defendant company entered its appearance, filed a demurrer to the bill and made a motion to vacate the order, which was denied. 3. Corporations, § 563*—when allegations of stockholders’ hill insufficient to warrant appointment of receiver pendente lite. Allegations of a bill by minority stockholders against the corporation, its officers and agents, examined and held insufficient to warrant the entry of an interlocutory order appointing a receiver for the corporation pendente lite.

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Moe v. Royal Life Insurance, 199 Ill. App. 305 (Ill. Ct. App. 1916).

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