GRANT v. ALLIED DEVELOPERS, INC.

No. 514, September Term, 1979.

44 Md. App. 560 (1980)

409 A.2d 1123

DONALD A. GRANT ET AL. v. ALLIED DEVELOPERS, INC. ET AL.

Court of Special Appeals of Maryland.

Decided January 11, 1980.


Attorney(s) appearing for the Case

Ronald S. Goldberg, with whom were Everngam, Goldstein, Blitz, Rosenberg & Shapiro, P.A. on the brief, for appellants.

Donald Cefaratti, with whom were James Robert Miller and Miller, Miller & Steinberg on the brief, for appellees.

The cause was argued before GILBERT, C.J., and MOYLAN and WILNER, JJ.


GILBERT, C.J., delivered the opinion of the Court.

We are here presented with a question of the power of the equity court to appoint a receiver, upon the application of a dissident shareholder, for an ostensibly solvent corporation. Donald A. Grant, the appellant and a stockholder1 in Allied Developers, Inc. (Allied), is of the mind that Jesse Bloodsworth and Carl A. Phillipps,

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