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MACON LUMBER COMPANY v. BISHOP AND COLLINS

No. 12510.

229 F.2d 305 (1956)

MACON LUMBER COMPANY et al., Appellants, v. BISHOP and COLLINS et al., Appellees.

United States Court of Appeals Sixth Circuit.

February 10, 1956.

Attorney(s) appearing for the Case

G. D. Milliken, Jr., Rodes K. Myers, Bowling Green, Ky., Shelton Luton, Nashville, Tenn., E. K. Sanders, Franklin, Tenn., on brief, for appellants.

Paul F. Bumpus, Nashville, Tenn., Douglas Keen and N. F. Harper, Scottsville, Ky., on brief, for appellees.

Before MARTIN, McALLISTER and MILLER, Circuit Judges.

MILLER, Circuit Judge.

The appellees, as owners of preferred stock in the appellant corporation, Macon Lumber Company, brought this action against the corporation and its officers asking for the appointment of a receiver to take charge of the property of the corporation, and that the corporation be liquidated. Following appellees' motion for appointment of a receiver pendente lite and a hearing thereon, the District Judge appointed a receiver with instructions that...

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